https://www.taxtmi.com/caselaws?id=792251 Interest earned by a co-operative housing society from investments with a co-operative bank was treated as eligible for deduction under Section 80P(2)(d) because a co-operative bank was regarded as falling within the ambit of a co-operative society for this purpose, and Section 80P(4) did not defeat the claim. The only remaining exercise was limited factual verification of the interest quantum and the genuineness of the underlying transactions. The assessee's claim was accepted in principle, and the matter was sent back to the Assessing Officer for that restricted verification, with the appeal allowed for statistical purposes. en-us Fri, 10 Apr 2026 00:00:00 +0530 Tue, 26 May 2026 08:24:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792251 Interest earned by a co-operative housing society from investments with a co-operative bank was treated as eligible for deduction under Section 80P(2)(d) because a co-operative bank was regarded as falling within the ambit of a co-operative society for this purpose, and Section 80P(4) did not defeat the claim. The only remaining exercise was limited factual verification of the interest quantum and the genuineness of the underlying transactions. The assessee's claim was accepted in principle, and the matter was sent back to the Assessing Officer for that restricted verification, with the appeal allowed for statistical purposes. Case-Laws Income Tax Fri, 10 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792251