https://www.taxtmi.com/caselaws?id=468923 Interest earned by a co-operative society from deposits placed with co-operative banks qualifies for deduction under section 80P(2)(d) of the Income-tax Act, 1961, because such banks are treated as co-operative societies for that provision. The contrary view in the assessment and appellate order was set aside, and the disallowances were deleted. The ruling confirms that income by way of interest derived from investments with co-operative banks falls within the deduction available to a co-operative society under section 80P(2)(d). en-us Mon, 10 Feb 2025 00:00:00 +0530 Mon, 25 May 2026 20:05:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468923 Interest earned by a co-operative society from deposits placed with co-operative banks qualifies for deduction under section 80P(2)(d) of the Income-tax Act, 1961, because such banks are treated as co-operative societies for that provision. The contrary view in the assessment and appellate order was set aside, and the disallowances were deleted. The ruling confirms that income by way of interest derived from investments with co-operative banks falls within the deduction available to a co-operative society under section 80P(2)(d). Case-Laws Income Tax Mon, 10 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468923