https://www.taxtmi.com/caselaws?id=792829 Interest earned by a co-operative society from deposits or investments with a co-operative bank was treated as eligible for deduction under section 80P(2)(d). The jurisdictional High Court principle applied was that a co-operative bank is itself a co-operative society for this purpose, and the exclusion in section 80P(4) does not deny deduction under section 80P(2)(d) absent a corresponding amendment to that clause. Existing precedent was considered decisive, leaving no scope to disallow the deduction on such interest income. en-us Fri, 15 May 2026 00:00:00 +0530 Thu, 04 Jun 2026 08:37:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792829 Interest earned by a co-operative society from deposits or investments with a co-operative bank was treated as eligible for deduction under section 80P(2)(d). The jurisdictional High Court principle applied was that a co-operative bank is itself a co-operative society for this purpose, and the exclusion in section 80P(4) does not deny deduction under section 80P(2)(d) absent a corresponding amendment to that clause. Existing precedent was considered decisive, leaving no scope to disallow the deduction on such interest income. Case-Laws Income Tax Fri, 15 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792829