https://www.taxtmi.com/caselaws?id=468779 Interest and dividend income earned from deposits and investments with a co-operative bank registered under the Tamil Nadu Cooperative Societies Act, 1983 is treated as eligible for deduction under section 80P(2)(d) where the statutory conditions are met. Deduction under section 80P(2)(c) is separately governed by the applicable ceiling for the assessee's category, and the amount available remains limited by that statutory cap. The text also notes that where the assessee carries on deposit-taking and lending activities, with additional trading activity, the deduction under that clause may be restricted to the amount allowed within the prescribed limit. en-us Fri, 07 Feb 2025 00:00:00 +0530 Wed, 20 May 2026 19:00:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468779 Interest and dividend income earned from deposits and investments with a co-operative bank registered under the Tamil Nadu Cooperative Societies Act, 1983 is treated as eligible for deduction under section 80P(2)(d) where the statutory conditions are met. Deduction under section 80P(2)(c) is separately governed by the applicable ceiling for the assessee's category, and the amount available remains limited by that statutory cap. The text also notes that where the assessee carries on deposit-taking and lending activities, with additional trading activity, the deduction under that clause may be restricted to the amount allowed within the prescribed limit. Case-Laws Income Tax Fri, 07 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468779