https://www.taxtmi.com/caselaws?id=787416 The note addresses entitlement of cooperative societies to claim deduction for interest and dividend received from cooperative banks registered under the Co-operative Societies Act, concluding such receipts fall within the scope of deduction under Section 80P(2)(d) of the Income-tax Act. The analysis relies on jurisdictional precedent recognising that income in the form of interest and dividend from duly registered cooperative banks constitutes qualifying income for the statutory deduction, and records the operative effect that deduction is allowable to the cooperative society in respect of those receipts. en-us Thu, 29 Jan 2026 00:00:00 +0530 Thu, 05 Mar 2026 08:41:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787416 The note addresses entitlement of cooperative societies to claim deduction for interest and dividend received from cooperative banks registered under the Co-operative Societies Act, concluding such receipts fall within the scope of deduction under Section 80P(2)(d) of the Income-tax Act. The analysis relies on jurisdictional precedent recognising that income in the form of interest and dividend from duly registered cooperative banks constitutes qualifying income for the statutory deduction, and records the operative effect that deduction is allowable to the cooperative society in respect of those receipts. Case-Laws Income Tax Thu, 29 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787416