https://www.taxtmi.com/caselaws?id=792075 Interest earned by a credit co-operative society on bank deposits placed from business-linked surplus funds was treated as attributable to its credit-facility business and not as income from other sources, preserving eligibility for deduction. Income from transactions involving nominal members did not, by itself, defeat the claim where there was no dealing with non-members. Applying the settled principle on Section 80P, the Tribunal allowed the deduction and set aside the disallowance of the impugned income. en-us Wed, 20 May 2026 00:00:00 +0530 Fri, 22 May 2026 07:06:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792075 Interest earned by a credit co-operative society on bank deposits placed from business-linked surplus funds was treated as attributable to its credit-facility business and not as income from other sources, preserving eligibility for deduction. Income from transactions involving nominal members did not, by itself, defeat the claim where there was no dealing with non-members. Applying the settled principle on Section 80P, the Tribunal allowed the deduction and set aside the disallowance of the impugned income. Case-Laws Income Tax Wed, 20 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792075