https://www.taxtmi.com/caselaws?id=471227 Interest and dividend income earned by a co-operative society from investments with another co-operative society qualifies for deduction under Section 80P(2)(d). A co-operative bank remains a co-operative society for this purpose. The exclusion applicable to co-operative banks under Section 80P(4) restricts a bank's own claim for deduction and does not prevent another co-operative society from claiming deduction on interest received from deposits with a co-operative bank. Accordingly, interest on such deposits is deductible under Section 80P(2)(d). en-us Thu, 03 Apr 2025 00:00:00 +0530 Tue, 25 Aug 2026 18:57:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471227 Interest and dividend income earned by a co-operative society from investments with another co-operative society qualifies for deduction under Section 80P(2)(d). A co-operative bank remains a co-operative society for this purpose. The exclusion applicable to co-operative banks under Section 80P(4) restricts a bank's own claim for deduction and does not prevent another co-operative society from claiming deduction on interest received from deposits with a co-operative bank. Accordingly, interest on such deposits is deductible under Section 80P(2)(d). Case-Laws Income Tax Thu, 03 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471227