https://www.taxtmi.com/caselaws?id=468550 Interest earned by a co-operative credit society on deposits made from business-generated surplus funds was treated as income attributable to its business of providing credit facilities. The Tribunal applied the statutory phrase "attributable to" in section 80P(2)(a) and followed later authority recognising that such receipts retain their business nexus when the funds arise from the society's credit operations and are placed in permitted banks. On that basis, the interest income remained eligible for deduction under section 80P(2)(a), in favour of the assessee. en-us Mon, 28 Jul 2025 00:00:00 +0530 Tue, 12 May 2026 16:48:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468550 Interest earned by a co-operative credit society on deposits made from business-generated surplus funds was treated as income attributable to its business of providing credit facilities. The Tribunal applied the statutory phrase "attributable to" in section 80P(2)(a) and followed later authority recognising that such receipts retain their business nexus when the funds arise from the society's credit operations and are placed in permitted banks. On that basis, the interest income remained eligible for deduction under section 80P(2)(a), in favour of the assessee. Case-Laws Income Tax Mon, 28 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468550