https://www.taxtmi.com/caselaws?id=787599 Interest income earned by a cooperative society from deposits or investments with cooperative banks qualifies for deduction under Section 80P(2)(d) because cooperative banks are treated as cooperative societies for the provision's purpose; the established line of precedent treating such inter-society investment income as deductible was applied and followed. Consequently, prior assessment and appellate disallowances were set aside and the claimed deduction in respect of the interest income was allowed, the operative legal effect being full deductibility of such investment interest for cooperative societies. en-us Mon, 01 Sep 2025 00:00:00 +0530 Tue, 10 Mar 2026 08:51:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787599 Interest income earned by a cooperative society from deposits or investments with cooperative banks qualifies for deduction under Section 80P(2)(d) because cooperative banks are treated as cooperative societies for the provision's purpose; the established line of precedent treating such inter-society investment income as deductible was applied and followed. Consequently, prior assessment and appellate disallowances were set aside and the claimed deduction in respect of the interest income was allowed, the operative legal effect being full deductibility of such investment interest for cooperative societies. Case-Laws Income Tax Mon, 01 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787599