https://www.taxtmi.com/caselaws?id=471684 Section 80P(2)(d) permits a co-operative credit society to deduct interest or dividend income derived from investments with another co-operative society. Interest earned on deposits with co-operative banks falls within this deduction because co-operative banks are recognised as co-operative societies for that purpose under binding jurisdictional precedent. Accordingly, such interest income qualifies for deduction under Section 80P(2)(d). en-us Wed, 09 Apr 2025 00:00:00 +0530 Mon, 14 Sep 2026 19:03:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471684 Section 80P(2)(d) permits a co-operative credit society to deduct interest or dividend income derived from investments with another co-operative society. Interest earned on deposits with co-operative banks falls within this deduction because co-operative banks are recognised as co-operative societies for that purpose under binding jurisdictional precedent. Accordingly, such interest income qualifies for deduction under Section 80P(2)(d). Case-Laws Income Tax Wed, 09 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471684