https://www.taxtmi.com/caselaws?id=795051 Interest earned by a co-operative housing society on fixed deposits with a co-operative bank qualifies for deduction under section 80P(2)(d). The provision covers interest or dividend income derived by a co-operative society from investments with another co-operative society, and a co-operative bank remains within that broader category. Section 80P(4) excludes a co-operative bank only from claiming its own deduction and does not restrict a depositor co-operative society's deduction. Classification of the interest as income from other sources does not prevent the specific deduction for eligible investment income. Accordingly, the stated disallowances were deleted. en-us Tue, 24 Mar 2026 00:00:00 +0530 Thu, 16 Jul 2026 09:07:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795051 Interest earned by a co-operative housing society on fixed deposits with a co-operative bank qualifies for deduction under section 80P(2)(d). The provision covers interest or dividend income derived by a co-operative society from investments with another co-operative society, and a co-operative bank remains within that broader category. Section 80P(4) excludes a co-operative bank only from claiming its own deduction and does not restrict a depositor co-operative society's deduction. Classification of the interest as income from other sources does not prevent the specific deduction for eligible investment income. Accordingly, the stated disallowances were deleted. Case-Laws Income Tax Tue, 24 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795051