https://www.taxtmi.com/caselaws?id=470779 Interest earned by a co-operative society on deposits with a co-operative bank registered as a co-operative society qualifies for deduction under section 80P(2)(d). Where the recipient bank is registered under the applicable co-operative societies law, binding jurisdictional High Court precedent supports treating the interest as income derived from investments with another co-operative society. Decisions based on different factual settings do not alter this position. The deduction is therefore available for such deposit interest, subject to the bank's status as a registered co-operative society. en-us Tue, 19 Aug 2025 00:00:00 +0530 Fri, 07 Aug 2026 18:53:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470779 Interest earned by a co-operative society on deposits with a co-operative bank registered as a co-operative society qualifies for deduction under section 80P(2)(d). Where the recipient bank is registered under the applicable co-operative societies law, binding jurisdictional High Court precedent supports treating the interest as income derived from investments with another co-operative society. Decisions based on different factual settings do not alter this position. The deduction is therefore available for such deposit interest, subject to the bank's status as a registered co-operative society. Case-Laws Income Tax Tue, 19 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470779