https://www.taxtmi.com/caselaws?id=788590 Interest earned by a co-operative society from deposits placed with co-operative banks was held eligible for deduction, because the receipts were treated as income from investments with another co-operative society for the purpose of section 80P(2)(d). The Tribunal followed the prevailing High Court authorities and accepted that section 80P(4) restricts deductions for co-operative banks themselves, not for a co-operative society earning interest from such deposits. The contrary view was declined, and the disallowance of the deduction was held unsustainable. en-us Mon, 23 Mar 2026 00:00:00 +0530 Wed, 25 Mar 2026 08:49:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788590 Interest earned by a co-operative society from deposits placed with co-operative banks was held eligible for deduction, because the receipts were treated as income from investments with another co-operative society for the purpose of section 80P(2)(d). The Tribunal followed the prevailing High Court authorities and accepted that section 80P(4) restricts deductions for co-operative banks themselves, not for a co-operative society earning interest from such deposits. The contrary view was declined, and the disallowance of the deduction was held unsustainable. Case-Laws Income Tax Mon, 23 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788590