https://www.taxtmi.com/caselaws?id=792887 Interest income earned by a co-operative housing society from deposits with co-operative banks was treated as deductible under Section 80P(2)(d) because the provision applies to income from investments with another co-operative society, and a co-operative bank remains a co-operative society for that limited purpose. Section 80P(4) was read as excluding only the co-operative bank's own claim to deduction, not the investing society's claim under Section 80P(2)(d). The disallowance was therefore unsustainable, subject to factual verification by the jurisdictional Assessing Officer. en-us Wed, 15 Apr 2026 00:00:00 +0530 Fri, 05 Jun 2026 08:07:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792887 Interest income earned by a co-operative housing society from deposits with co-operative banks was treated as deductible under Section 80P(2)(d) because the provision applies to income from investments with another co-operative society, and a co-operative bank remains a co-operative society for that limited purpose. Section 80P(4) was read as excluding only the co-operative bank's own claim to deduction, not the investing society's claim under Section 80P(2)(d). The disallowance was therefore unsustainable, subject to factual verification by the jurisdictional Assessing Officer. Case-Laws Income Tax Wed, 15 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792887