https://www.taxtmi.com/caselaws?id=466870 Interest and dividend earned on deposits with cooperative banks/societies qualify for deduction under the relevant cooperative-society tax exemption where the assessee is a cooperative credit society providing credit solely to members and not carrying on banking business to the public; the analysis applies statutory deduction provisions and limits and follows coordinating tribunal precedents favourable to such societies despite conflicting High Court decisions, resulting in allowance of the deduction and reversal of the assessing authority's denial. en-us Tue, 25 Feb 2025 00:00:00 +0530 Mon, 23 Feb 2026 19:00:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466870 Interest and dividend earned on deposits with cooperative banks/societies qualify for deduction under the relevant cooperative-society tax exemption where the assessee is a cooperative credit society providing credit solely to members and not carrying on banking business to the public; the analysis applies statutory deduction provisions and limits and follows coordinating tribunal precedents favourable to such societies despite conflicting High Court decisions, resulting in allowance of the deduction and reversal of the assessing authority's denial. Case-Laws Income Tax Tue, 25 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466870