https://www.taxtmi.com/caselaws?id=797559 Interest income earned by a co-operative housing society from deposits with co-operative banks qualifies for deduction under Section 80P(2)(d). The provision permits deduction of interest or dividend derived by a co-operative society from investments with another co-operative society, and co-operative banks are treated as co-operative societies for this purpose. The exclusion in Section 80P(4), applicable to co-operative banks, does not bar an assessee co-operative society from claiming deduction on interest received from such banks. en-us Fri, 21 Aug 2026 00:00:00 +0530 Mon, 24 Aug 2026 08:33:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797559 Interest income earned by a co-operative housing society from deposits with co-operative banks qualifies for deduction under Section 80P(2)(d). The provision permits deduction of interest or dividend derived by a co-operative society from investments with another co-operative society, and co-operative banks are treated as co-operative societies for this purpose. The exclusion in Section 80P(4), applicable to co-operative banks, does not bar an assessee co-operative society from claiming deduction on interest received from such banks. Case-Laws Income Tax Fri, 21 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797559