https://www.taxtmi.com/caselaws?id=467675 Interest earned by a co-operative housing society from investments with co-operative banks is deductible under section 80P(2)(d) of the Income-tax Act, 1961. The provision applies to income by way of interest or dividends derived by a co-operative society from investments with another co-operative society, and section 80P(4) does not deny that deduction where the claimant is not itself a co-operative bank. The issue is treated as covered by coordinate bench precedent, confirming that such interest income remains eligible for deduction in favour of the assessee. en-us Mon, 17 Feb 2025 00:00:00 +0530 Sat, 28 Mar 2026 18:44:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467675 Interest earned by a co-operative housing society from investments with co-operative banks is deductible under section 80P(2)(d) of the Income-tax Act, 1961. The provision applies to income by way of interest or dividends derived by a co-operative society from investments with another co-operative society, and section 80P(4) does not deny that deduction where the claimant is not itself a co-operative bank. The issue is treated as covered by coordinate bench precedent, confirming that such interest income remains eligible for deduction in favour of the assessee. Case-Laws Income Tax Mon, 17 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467675