https://www.taxtmi.com/caselaws?id=469287 Interest earned by a co-operative society from fixed deposits and investments with co-operative banks was held deductible under section 80P(2)(d). The Tribunal applied its earlier coordinate bench view that, for this limited purpose, a co-operative bank is treated as a co-operative society notwithstanding section 80P(4). It held that interest derived by one co-operative society from investments with another co-operative society falls within the statutory deduction, so the denial by the lower authorities was unsustainable. en-us Tue, 04 Mar 2025 00:00:00 +0530 Fri, 12 Jun 2026 14:55:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469287 Interest earned by a co-operative society from fixed deposits and investments with co-operative banks was held deductible under section 80P(2)(d). The Tribunal applied its earlier coordinate bench view that, for this limited purpose, a co-operative bank is treated as a co-operative society notwithstanding section 80P(4). It held that interest derived by one co-operative society from investments with another co-operative society falls within the statutory deduction, so the denial by the lower authorities was unsustainable. Case-Laws Income Tax Tue, 04 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469287