https://www.taxtmi.com/caselaws?id=470707 Interest earned by a co-operative housing society on corpus-fund deposits with a co-operative bank falls within the deduction available for income from investments with another co-operative society under Section 80P(2)(d). Section 80P(1) applies to co-operative societies, and a housing society is not excluded merely because of its nature. A co-operative bank registered under the Karnataka Co-operative Societies Act is treated as a co-operative society for this purpose. Accordingly, such deposit interest is eligible for deduction under Section 80P(2)(d). en-us Tue, 09 Dec 2025 00:00:00 +0530 Tue, 04 Aug 2026 20:51:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470707 Interest earned by a co-operative housing society on corpus-fund deposits with a co-operative bank falls within the deduction available for income from investments with another co-operative society under Section 80P(2)(d). Section 80P(1) applies to co-operative societies, and a housing society is not excluded merely because of its nature. A co-operative bank registered under the Karnataka Co-operative Societies Act is treated as a co-operative society for this purpose. Accordingly, such deposit interest is eligible for deduction under Section 80P(2)(d). Case-Laws Income Tax Tue, 09 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470707