https://www.taxtmi.com/caselaws?id=796324 Interest earned by a credit co-operative society on deposits made from funds not immediately required for lending is attributable to its business of providing credit facilities to members. Such interest is treated as business income, rather than income from other sources, and is eligible for deduction under section 80P(2)(a)(i). The discussion distinguishes claims under section 80P(2)(a)(i) from those under section 80P(2)(d), finding that authorities concerning the latter do not govern a deduction claimed for profits attributable to the credit-facility business. en-us Thu, 30 Jul 2026 00:00:00 +0530 Tue, 04 Aug 2026 08:39:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796324 Interest earned by a credit co-operative society on deposits made from funds not immediately required for lending is attributable to its business of providing credit facilities to members. Such interest is treated as business income, rather than income from other sources, and is eligible for deduction under section 80P(2)(a)(i). The discussion distinguishes claims under section 80P(2)(a)(i) from those under section 80P(2)(d), finding that authorities concerning the latter do not govern a deduction claimed for profits attributable to the credit-facility business. Case-Laws Income Tax Thu, 30 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796324