https://www.taxtmi.com/caselaws?id=470244 Section 80P(4) excludes co-operative banks, except specified primary co-operative credit institutions, from claiming deduction under section 80P; it does not prevent a co-operative society from claiming deduction under section 80P(2)(d) for interest on deposits with a co-operative bank. As a co-operative bank registered under applicable co-operative societies law falls within the definition of a co-operative society under section 2(19), such interest qualifies for deduction under section 80P(2)(d). en-us Tue, 15 Nov 2022 00:00:00 +0530 Tue, 21 Jul 2026 15:08:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470244 Section 80P(4) excludes co-operative banks, except specified primary co-operative credit institutions, from claiming deduction under section 80P; it does not prevent a co-operative society from claiming deduction under section 80P(2)(d) for interest on deposits with a co-operative bank. As a co-operative bank registered under applicable co-operative societies law falls within the definition of a co-operative society under section 2(19), such interest qualifies for deduction under section 80P(2)(d). Case-Laws Income Tax Tue, 15 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470244