https://www.taxtmi.com/caselaws?id=788427 Enhanced business income arising from a co-operative society's provision of credit facilities to members retains its deductible character under section 80P(2)(a)(i), so a disallowance that merely increases such income does not create taxable income and is revenue-neutral. Interest income from deposits with scheduled banks requires a factual enquiry into the nature of the deposits, the source of funds, and whether the deposits are integrally linked to the business of providing credit facilities to members under the Karnataka Co-operative Societies Act. On that issue, the matter was remanded for fresh verification and decision in accordance with law after examining the relevant facts. en-us Tue, 17 Mar 2026 00:00:00 +0530 Sat, 21 Mar 2026 08:29:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788427 Enhanced business income arising from a co-operative society's provision of credit facilities to members retains its deductible character under section 80P(2)(a)(i), so a disallowance that merely increases such income does not create taxable income and is revenue-neutral. Interest income from deposits with scheduled banks requires a factual enquiry into the nature of the deposits, the source of funds, and whether the deposits are integrally linked to the business of providing credit facilities to members under the Karnataka Co-operative Societies Act. On that issue, the matter was remanded for fresh verification and decision in accordance with law after examining the relevant facts. Case-Laws Income Tax Tue, 17 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788427