https://www.taxtmi.com/caselaws?id=469846 Cash deposited during demonetisation was treated as belonging to members of a cooperative society, so the unexplained cash credit addition could not stand in the society's hands. Interest earned on bank deposits from funds linked to cooperative activity was treated as retaining its business character and was held eligible for deduction under section 80P(2)(a)(i). The same relief was applied for the subsequent assessment year on identical facts. The note concludes that the addition and disallowance were deleted on the substantive tax issues. en-us Thu, 08 Jan 2026 00:00:00 +0530 Mon, 06 Jul 2026 20:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469846 Cash deposited during demonetisation was treated as belonging to members of a cooperative society, so the unexplained cash credit addition could not stand in the society's hands. Interest earned on bank deposits from funds linked to cooperative activity was treated as retaining its business character and was held eligible for deduction under section 80P(2)(a)(i). The same relief was applied for the subsequent assessment year on identical facts. The note concludes that the addition and disallowance were deleted on the substantive tax issues. Case-Laws Income Tax Thu, 08 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469846