https://www.taxtmi.com/caselaws?id=788258 Issue concerns whether interest on deposits with a cooperative bank qualifies for deduction under section 80P(2)(d) as income of a cooperative society. The note records reliance on binding higher-court precedent characterising cooperative banks as cooperative societies and on coordinate-bench authority; that precedent treatment was applied to the assessed interest income which had been disallowed by lower authorities. Operative legal points: characterisation of cooperative banks, treatment of interest income from cooperative-bank deposits as cooperative-society receipts, and application of binding precedent to quash the addition. en-us Fri, 13 Mar 2026 00:00:00 +0530 Thu, 19 Mar 2026 08:59:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788258 Issue concerns whether interest on deposits with a cooperative bank qualifies for deduction under section 80P(2)(d) as income of a cooperative society. The note records reliance on binding higher-court precedent characterising cooperative banks as cooperative societies and on coordinate-bench authority; that precedent treatment was applied to the assessed interest income which had been disallowed by lower authorities. Operative legal points: characterisation of cooperative banks, treatment of interest income from cooperative-bank deposits as cooperative-society receipts, and application of binding precedent to quash the addition. Case-Laws Income Tax Fri, 13 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788258