https://www.taxtmi.com/caselaws?id=468334 Interest income earned by a co-operative society from fixed deposits placed with banks was treated as attributable to the society's business activities, following the view adopted by the Coordinate Bench and authority supporting that approach. On that basis, the income was regarded as business income eligible for deduction under section 80P(2)(a)(i) of the Income-tax Act, 1961, and the deduction was allowed in favour of the assessee. en-us Fri, 26 May 2023 00:00:00 +0530 Wed, 29 Apr 2026 11:26:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468334 Interest income earned by a co-operative society from fixed deposits placed with banks was treated as attributable to the society's business activities, following the view adopted by the Coordinate Bench and authority supporting that approach. On that basis, the income was regarded as business income eligible for deduction under section 80P(2)(a)(i) of the Income-tax Act, 1961, and the deduction was allowed in favour of the assessee. Case-Laws Income Tax Fri, 26 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468334