https://www.taxtmi.com/caselaws?id=796478 Interest earned on deposits compulsorily maintained with co-operative banks under the Karnataka Souharda Sahakari Act, 1997 is described as income attributable to the business of providing credit facilities to members. The note states that, where statutory investment requirements require such deposits, the resulting interest qualifies as business income eligible for deduction under section 80P(2)(a)(i) of the Income-tax Act, 1961. Treating that interest as income from other sources would be inconsistent with the Supreme Court and jurisdictional High Court principles referred to in the text. en-us Mon, 05 Jan 2026 00:00:00 +0530 Thu, 06 Aug 2026 09:11:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796478 Interest earned on deposits compulsorily maintained with co-operative banks under the Karnataka Souharda Sahakari Act, 1997 is described as income attributable to the business of providing credit facilities to members. The note states that, where statutory investment requirements require such deposits, the resulting interest qualifies as business income eligible for deduction under section 80P(2)(a)(i) of the Income-tax Act, 1961. Treating that interest as income from other sources would be inconsistent with the Supreme Court and jurisdictional High Court principles referred to in the text. Case-Laws Income Tax Mon, 05 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796478