https://www.taxtmi.com/caselaws?id=470921 Interest or dividend income received by a co-operative society from another co-operative society or co-operative bank qualifies for deduction under section 80P(2)(d). Co-operative banks are treated as co-operative societies for this deduction, and the stated Tribunal approach, supported by High Court decisions, recognises eligibility where no contrary facts or legal position apply. The deduction therefore extends to interest income earned from co-operative banks. en-us Thu, 27 Mar 2025 00:00:00 +0530 Fri, 14 Aug 2026 07:13:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470921 Interest or dividend income received by a co-operative society from another co-operative society or co-operative bank qualifies for deduction under section 80P(2)(d). Co-operative banks are treated as co-operative societies for this deduction, and the stated Tribunal approach, supported by High Court decisions, recognises eligibility where no contrary facts or legal position apply. The deduction therefore extends to interest income earned from co-operative banks. Case-Laws Income Tax Thu, 27 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470921