https://www.taxtmi.com/caselaws?id=797891 Interest earned by a co-operative society from deposits held with a co-operative bank registered as a co-operative society falls within the deduction for income derived from investments with another co-operative society under section 80P(2)(d). Primary agricultural credit co-operative societies may therefore claim the deduction where the deposit-taking co-operative bank has that registered status. Interest income meeting these conditions is deductible, and additions made in respect of such interest are not sustainable. en-us Fri, 21 Aug 2026 00:00:00 +0530 Sat, 29 Aug 2026 14:35:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797891 Interest earned by a co-operative society from deposits held with a co-operative bank registered as a co-operative society falls within the deduction for income derived from investments with another co-operative society under section 80P(2)(d). Primary agricultural credit co-operative societies may therefore claim the deduction where the deposit-taking co-operative bank has that registered status. Interest income meeting these conditions is deductible, and additions made in respect of such interest are not sustainable. Case-Laws Income Tax Fri, 21 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797891