https://www.taxtmi.com/caselaws?id=469729 Interest earned by a co-operative society from fixed deposits with co-operative banks was treated as deductible under section 80P(2)(d) of the Income-tax Act, on the view that a co-operative bank falls within the expression "co-operative society" for that provision. The Tribunal followed judicial precedents supporting that interpretation and distinguished contrary authority. On that basis, the interest income from such deposits qualified for deduction, and the disallowance of deduction under section 80P(2)(d) was set aside. en-us Fri, 07 Mar 2025 00:00:00 +0530 Wed, 01 Jul 2026 20:42:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469729 Interest earned by a co-operative society from fixed deposits with co-operative banks was treated as deductible under section 80P(2)(d) of the Income-tax Act, on the view that a co-operative bank falls within the expression "co-operative society" for that provision. The Tribunal followed judicial precedents supporting that interpretation and distinguished contrary authority. On that basis, the interest income from such deposits qualified for deduction, and the disallowance of deduction under section 80P(2)(d) was set aside. Case-Laws Income Tax Fri, 07 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469729