https://www.taxtmi.com/caselaws?id=791805 A co-operative society's interest income from deposits with co-operative banks remained eligible for deduction under section 80P(2)(d) because a co-operative bank was treated as a co-operative society for that purpose, and section 80P(4) did not curtail the specific deduction absent amendment to section 80P(2)(d). Dividend income received from co-operative institutions also fell within the same deduction framework and the related disallowance was deleted. The addition based on an alleged reserve account discrepancy was unsustainable because the record lacked cogent supporting material and the assessee's reconciliation was not rebutted by evidence. en-us Fri, 15 May 2026 00:00:00 +0530 Mon, 18 May 2026 08:40:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791805 A co-operative society's interest income from deposits with co-operative banks remained eligible for deduction under section 80P(2)(d) because a co-operative bank was treated as a co-operative society for that purpose, and section 80P(4) did not curtail the specific deduction absent amendment to section 80P(2)(d). Dividend income received from co-operative institutions also fell within the same deduction framework and the related disallowance was deleted. The addition based on an alleged reserve account discrepancy was unsustainable because the record lacked cogent supporting material and the assessee's reconciliation was not rebutted by evidence. Case-Laws Income Tax Fri, 15 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791805