https://www.taxtmi.com/caselaws?id=471616 Interest earned by a primary credit co-operative society on deposits with co-operative, scheduled and nationalised banks qualifies for deduction under sections 80P(2)(a)(i) and 80P(2)(d), where the relevant statutory conditions are met. The treatment applies to interest income arising from deposits held with both co-operative and other banking institutions. Interest received on an income-tax refund is also included within the deduction available under section 80P(2)(c)(ii). The deductions claimed under these respective provisions are consequently available to the society. en-us Tue, 08 Apr 2025 00:00:00 +0530 Thu, 10 Sep 2026 20:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471616 Interest earned by a primary credit co-operative society on deposits with co-operative, scheduled and nationalised banks qualifies for deduction under sections 80P(2)(a)(i) and 80P(2)(d), where the relevant statutory conditions are met. The treatment applies to interest income arising from deposits held with both co-operative and other banking institutions. Interest received on an income-tax refund is also included within the deduction available under section 80P(2)(c)(ii). The deductions claimed under these respective provisions are consequently available to the society. Case-Laws Income Tax Tue, 08 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471616