https://www.taxtmi.com/caselaws?id=470728 Section 80P permits specified deductions to co-operative societies, including interest derived from investments with other co-operative societies under Section 80P(2)(d). Interest earned by a co-operative society on deposits with a co-operative bank is not covered by that deduction, and interest from deposits with nationalised banks is likewise ineligible. The stated precedent applies to identical facts and legal position, supporting denial of the Section 80P deduction for such interest income. en-us Wed, 21 Jan 2026 00:00:00 +0530 Wed, 05 Aug 2026 23:29:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470728 Section 80P permits specified deductions to co-operative societies, including interest derived from investments with other co-operative societies under Section 80P(2)(d). Interest earned by a co-operative society on deposits with a co-operative bank is not covered by that deduction, and interest from deposits with nationalised banks is likewise ineligible. The stated precedent applies to identical facts and legal position, supporting denial of the Section 80P deduction for such interest income. Case-Laws Income Tax Wed, 21 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470728