https://www.taxtmi.com/caselaws?id=787698 Interest and dividend income earned by a cooperative society from deposits or investments with a cooperative bank may qualify for deduction under Section 80P(2)(d). The provision covers income derived from investments with another cooperative society, and cooperative banks are treated as cooperative societies despite undertaking banking activities. Applying consistent coordinate-bench precedent and the prior-year position on the same facts, interest and dividend received from PDCC Bank falls within the deduction. The deduction is therefore available for that income. en-us Wed, 26 Nov 2025 00:00:00 +0530 Mon, 09 Mar 2026 10:38:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787698 Interest and dividend income earned by a cooperative society from deposits or investments with a cooperative bank may qualify for deduction under Section 80P(2)(d). The provision covers income derived from investments with another cooperative society, and cooperative banks are treated as cooperative societies despite undertaking banking activities. Applying consistent coordinate-bench precedent and the prior-year position on the same facts, interest and dividend received from PDCC Bank falls within the deduction. The deduction is therefore available for that income. Case-Laws Income Tax Wed, 26 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787698