https://www.taxtmi.com/caselaws?id=792827 Interest earned by a co-operative credit society from deposits with a co-operative bank is treated as income from investments with another co-operative society and is deductible under section 80P(2)(d) of the Income-tax Act, 1961. The discussion notes that Totgar's Co-operative Sale Society Ltd. was misplaced because it addressed section 80P(2)(a)(i), not the scope of section 80P(2)(d). Consistent jurisdictional and coordinate bench decisions were followed to confirm the deduction. The alternative claim under section 80P(2)(a)(i) was not examined because the section 80P(2)(d) claim succeeded. en-us Thu, 14 May 2026 00:00:00 +0530 Wed, 03 Jun 2026 12:30:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792827 Interest earned by a co-operative credit society from deposits with a co-operative bank is treated as income from investments with another co-operative society and is deductible under section 80P(2)(d) of the Income-tax Act, 1961. The discussion notes that Totgar's Co-operative Sale Society Ltd. was misplaced because it addressed section 80P(2)(a)(i), not the scope of section 80P(2)(d). Consistent jurisdictional and coordinate bench decisions were followed to confirm the deduction. The alternative claim under section 80P(2)(a)(i) was not examined because the section 80P(2)(d) claim succeeded. Case-Laws Income Tax Thu, 14 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792827