https://www.taxtmi.com/caselaws?id=787616 A co-operative society is entitled to deduction for interest income from deposits or investments with co-operative banks under the statutory deduction provision addressing co-operative societies; the proviso that excludes entities functioning as commercial banks applies only where the claimant itself is a co-operative bank, so that proviso does not bar a co-operative society. The statutory requirement that the interest be derived from investments made with another co-operative society or co-operative bank governs the claim. The assessee's disallowance was deleted and the appeal allowed for the society. en-us Wed, 04 Feb 2026 00:00:00 +0530 Tue, 10 Mar 2026 08:51:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787616 A co-operative society is entitled to deduction for interest income from deposits or investments with co-operative banks under the statutory deduction provision addressing co-operative societies; the proviso that excludes entities functioning as commercial banks applies only where the claimant itself is a co-operative bank, so that proviso does not bar a co-operative society. The statutory requirement that the interest be derived from investments made with another co-operative society or co-operative bank governs the claim. The assessee's disallowance was deleted and the appeal allowed for the society. Case-Laws Income Tax Wed, 04 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787616