https://www.taxtmi.com/caselaws?id=788652 Interest earned by a credit co-operative society on bank deposits of surplus funds was treated as attributable to its business of providing credit facilities to members, so the deduction under section 80P(2)(a)(i) was available. The reasoning distinguished authorities dealing with section 80P(2)(d) and other factual settings, since they did not govern a claim under section 80P(2)(a)(i). Section 80P(4) was held inapplicable on the stated facts because the assessee was not treated as a co-operative bank. The denial of deduction by the lower authorities was therefore unsustainable. en-us Tue, 24 Mar 2026 00:00:00 +0530 Thu, 26 Mar 2026 09:05:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788652 Interest earned by a credit co-operative society on bank deposits of surplus funds was treated as attributable to its business of providing credit facilities to members, so the deduction under section 80P(2)(a)(i) was available. The reasoning distinguished authorities dealing with section 80P(2)(d) and other factual settings, since they did not govern a claim under section 80P(2)(a)(i). Section 80P(4) was held inapplicable on the stated facts because the assessee was not treated as a co-operative bank. The denial of deduction by the lower authorities was therefore unsustainable. Case-Laws Income Tax Tue, 24 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788652