https://www.taxtmi.com/caselaws?id=470779 Interest earned by a co-operative society on deposits or investments with a co-operative bank registered as a co-operative society qualifies for deduction under section 80P(2)(d). The note states that binding jurisdictional High Court decisions support this treatment where the recipient bank is registered under the applicable co-operative societies law. Decisions arising from different factual settings do not displace that position. Accordingly, interest from deposits with Surat District Co-operative Bank is described as eligible for the deduction. 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 or investments with a co-operative bank registered as a co-operative society qualifies for deduction under section 80P(2)(d). The note states that binding jurisdictional High Court decisions support this treatment where the recipient bank is registered under the applicable co-operative societies law. Decisions arising from different factual settings do not displace that position. Accordingly, interest from deposits with Surat District Co-operative Bank is described as eligible for the deduction. Case-Laws Income Tax Tue, 19 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470779