https://www.taxtmi.com/caselaws?id=467009 Whether interest received by a cooperative society from cooperative banks qualifies for deduction under section 80P(2)(d) was examined by reference to prior tribunal rulings and Supreme Court interpretation of the phrase "any income by way of interest." The analysis treated cooperative banks as falling within the cooperative society concept for entitlement to deduction and followed coordinate-bench decisions that allowed deduction for interest and dividend. The operative conclusion in the text is that the assessee's interest from cooperative banks is deductible under section 80P(2)(d) and the revenue's grounds were dismissed. en-us Mon, 24 Feb 2025 00:00:00 +0530 Sun, 01 Mar 2026 10:28:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467009 Whether interest received by a cooperative society from cooperative banks qualifies for deduction under section 80P(2)(d) was examined by reference to prior tribunal rulings and Supreme Court interpretation of the phrase "any income by way of interest." The analysis treated cooperative banks as falling within the cooperative society concept for entitlement to deduction and followed coordinate-bench decisions that allowed deduction for interest and dividend. The operative conclusion in the text is that the assessee's interest from cooperative banks is deductible under section 80P(2)(d) and the revenue's grounds were dismissed. Case-Laws Income Tax Mon, 24 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467009