https://www.taxtmi.com/caselaws?id=470498 Interest income earned by a co-operative society from deposits with nationalised banks qualifies for deduction under section 80P(2)(a). The analysis notes that a coordinate-bench decision in the society's own case, applying the jurisdictional High Court ruling, had recognised the deduction for such interest income. As that decision remained unstayed and unoverruled, it was followed on identical facts, resulting in the deduction being available to the assessee. en-us Tue, 12 Sep 2023 00:00:00 +0530 Wed, 29 Jul 2026 16:56:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470498 Interest income earned by a co-operative society from deposits with nationalised banks qualifies for deduction under section 80P(2)(a). The analysis notes that a coordinate-bench decision in the society's own case, applying the jurisdictional High Court ruling, had recognised the deduction for such interest income. As that decision remained unstayed and unoverruled, it was followed on identical facts, resulting in the deduction being available to the assessee. Case-Laws Income Tax Tue, 12 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470498