https://www.taxtmi.com/caselaws?id=796256 Section 80P(2)(d) permits a co-operative housing society to deduct interest or dividends received from investments with another co-operative society. A co-operative bank is treated as a co-operative society for this purpose; section 80P(4) restricts a co-operative bank's own eligibility for deduction but does not restrict another co-operative society's deduction for interest earned on deposits with that bank. The interest deduction was therefore allowable. Delay in filing the first appeal may be condoned under section 249(3) where sufficient cause, absence of mala fides, and a justice-oriented approach outweigh a technical limitation lapse, enabling adjudication on merits. en-us Tue, 14 Jul 2026 00:00:00 +0530 Mon, 03 Aug 2026 08:20:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796256 Section 80P(2)(d) permits a co-operative housing society to deduct interest or dividends received from investments with another co-operative society. A co-operative bank is treated as a co-operative society for this purpose; section 80P(4) restricts a co-operative bank's own eligibility for deduction but does not restrict another co-operative society's deduction for interest earned on deposits with that bank. The interest deduction was therefore allowable. Delay in filing the first appeal may be condoned under section 249(3) where sufficient cause, absence of mala fides, and a justice-oriented approach outweigh a technical limitation lapse, enabling adjudication on merits. Case-Laws Income Tax Tue, 14 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796256