https://www.taxtmi.com/caselaws?id=798202 Section 80P(2)(d) permits a co-operative society to deduct the full interest or dividend income earned from investments with another co-operative society. Eligibility does not depend on whether the interest constitutes operational business income or whether the invested funds were required for business purposes. Section 80P(4) prevents a co-operative bank from claiming the deduction on its own income but does not deprive it of its character as a co-operative society for an investing society's deduction claim. Interest from fixed deposits and savings-bank deposits with a co-operative bank falls within the deduction. en-us Mon, 31 Aug 2026 00:00:00 +0530 Thu, 03 Sep 2026 08:20:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798202 Section 80P(2)(d) permits a co-operative society to deduct the full interest or dividend income earned from investments with another co-operative society. Eligibility does not depend on whether the interest constitutes operational business income or whether the invested funds were required for business purposes. Section 80P(4) prevents a co-operative bank from claiming the deduction on its own income but does not deprive it of its character as a co-operative society for an investing society's deduction claim. Interest from fixed deposits and savings-bank deposits with a co-operative bank falls within the deduction. Case-Laws Income Tax Mon, 31 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798202