https://www.taxtmi.com/caselaws?id=470225 Interest and dividend earned by a primary credit co-operative society from investments with a co-operative bank qualify for deduction under Section 80P(2)(d), where the bank is also a co-operative society. Deposits maintained with the co-operative bank in the course of the society's credit activities are treated as investments with a co-operative society for this purpose. Authorities concerning investment income of agricultural produce marketing societies are distinguished on their facts. Binding jurisdictional precedent and consistent Tribunal decisions support deduction under Section 80P(2), so no remand report or further factual enquiry is required before granting the deduction. en-us Wed, 12 Nov 2025 00:00:00 +0530 Mon, 20 Jul 2026 20:32:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470225 Interest and dividend earned by a primary credit co-operative society from investments with a co-operative bank qualify for deduction under Section 80P(2)(d), where the bank is also a co-operative society. Deposits maintained with the co-operative bank in the course of the society's credit activities are treated as investments with a co-operative society for this purpose. Authorities concerning investment income of agricultural produce marketing societies are distinguished on their facts. Binding jurisdictional precedent and consistent Tribunal decisions support deduction under Section 80P(2), so no remand report or further factual enquiry is required before granting the deduction. Case-Laws Income Tax Wed, 12 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470225