https://www.taxtmi.com/caselaws?id=470619 Interest or dividend income derived by a co-operative society from investments with another co-operative society qualifies for deduction under section 80P(2)(d). The exclusion of co-operative banks from claiming deduction under section 80P(4) does not change their character as co-operative societies for a depositor co-operative society's claim under section 80P(2)(d). Where conflicting non-jurisdictional High Court views exist, the favourable interpretation supports deduction of interest earned by a co-operative credit society on investments or fixed deposits with co-operative banks. en-us Tue, 24 Sep 2024 00:00:00 +0530 Sat, 01 Aug 2026 12:32:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470619 Interest or dividend income derived by a co-operative society from investments with another co-operative society qualifies for deduction under section 80P(2)(d). The exclusion of co-operative banks from claiming deduction under section 80P(4) does not change their character as co-operative societies for a depositor co-operative society's claim under section 80P(2)(d). Where conflicting non-jurisdictional High Court views exist, the favourable interpretation supports deduction of interest earned by a co-operative credit society on investments or fixed deposits with co-operative banks. Case-Laws Income Tax Tue, 24 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470619