https://www.taxtmi.com/caselaws?id=469317 Deduction under section 80P(2)(d) is confined to interest or dividend from investments with another co-operative society, so interest earned from a nationalised bank does not qualify under that clause. The Tribunal notes, however, that such interest may be examined under section 80P(2)(a) if the invested funds are shown to have arisen from eligible co-operative activities, subject to verification of the source of funds. Income from house property has no nexus with the business of accepting deposits from and lending to members, and is outside section 80P(2)(a)(i); deduction was therefore denied for that head. Cash deposits were also directed for fresh verification. en-us Tue, 04 Mar 2025 00:00:00 +0530 Sat, 13 Jun 2026 21:16:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469317 Deduction under section 80P(2)(d) is confined to interest or dividend from investments with another co-operative society, so interest earned from a nationalised bank does not qualify under that clause. The Tribunal notes, however, that such interest may be examined under section 80P(2)(a) if the invested funds are shown to have arisen from eligible co-operative activities, subject to verification of the source of funds. Income from house property has no nexus with the business of accepting deposits from and lending to members, and is outside section 80P(2)(a)(i); deduction was therefore denied for that head. Cash deposits were also directed for fresh verification. Case-Laws Income Tax Tue, 04 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469317