https://www.taxtmi.com/caselaws?id=468347 Interest earned by a credit co-operative society on temporary bank deposits of surplus business funds retained the character of profits attributable to the business of providing credit facilities, because section 80P(2)(a)(i) uses the wider expression "attributable to" rather than "derived from". The income did not lose its business character merely because the surplus was parked in banks instead of remaining idle, so the interest qualified for deduction under section 80P(2)(a)(i). en-us Thu, 18 Dec 2025 00:00:00 +0530 Wed, 29 Apr 2026 18:58:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468347 Interest earned by a credit co-operative society on temporary bank deposits of surplus business funds retained the character of profits attributable to the business of providing credit facilities, because section 80P(2)(a)(i) uses the wider expression "attributable to" rather than "derived from". The income did not lose its business character merely because the surplus was parked in banks instead of remaining idle, so the interest qualified for deduction under section 80P(2)(a)(i). Case-Laws Income Tax Thu, 18 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468347