https://www.taxtmi.com/caselaws?id=470265 Interest income earned by a co-operative credit society on deposits or investments with a co-operative bank qualifies for deduction under section 80P(2)(d). A co-operative bank remains a registered co-operative society for this purpose. The exclusion under section 80P(4), which denies the deduction to specified co-operative banks themselves, does not restrict another co-operative society from claiming deduction on interest received from deposits with such a bank. The stated conclusion supports the assessee's entitlement to the deduction. en-us Tue, 18 Mar 2025 00:00:00 +0530 Tue, 21 Jul 2026 19:10:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470265 Interest income earned by a co-operative credit society on deposits or investments with a co-operative bank qualifies for deduction under section 80P(2)(d). A co-operative bank remains a registered co-operative society for this purpose. The exclusion under section 80P(4), which denies the deduction to specified co-operative banks themselves, does not restrict another co-operative society from claiming deduction on interest received from deposits with such a bank. The stated conclusion supports the assessee's entitlement to the deduction. Case-Laws Income Tax Tue, 18 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470265