https://www.taxtmi.com/caselaws?id=793893 A cooperative society's interest income from deposits or investments with cooperative banks was treated as attributable to its business of providing credit facilities to members, so deduction under section 80P(2)(a)(i) was allowed on the facts stated. The text also notes that a 135-day delay in filing the appeal was condoned because the failure was explained as an inadvertent lapse by the accountant amid competing work assignments, showing sufficient cause. The discussion resolves the deduction issue in favour of the assessee and treats the interest as business income for section 80P purposes. en-us Mon, 22 Jun 2026 00:00:00 +0530 Thu, 25 Jun 2026 08:27:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793893 A cooperative society's interest income from deposits or investments with cooperative banks was treated as attributable to its business of providing credit facilities to members, so deduction under section 80P(2)(a)(i) was allowed on the facts stated. The text also notes that a 135-day delay in filing the appeal was condoned because the failure was explained as an inadvertent lapse by the accountant amid competing work assignments, showing sufficient cause. The discussion resolves the deduction issue in favour of the assessee and treats the interest as business income for section 80P purposes. Case-Laws Income Tax Mon, 22 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793893