https://www.taxtmi.com/caselaws?id=471682 Interest earned by a co-operative society on deposits with a co-operative bank qualifies for deduction under Section 80P(2)(d) because the bank remains a co-operative society registered under applicable co-operative societies law. Section 80P(4), which denies Section 80P benefits to co-operative banks themselves, does not disqualify an investing co-operative society from claiming deduction on interest derived from investments with such a bank. The deduction is therefore available on the deposit interest. en-us Tue, 17 Sep 2024 00:00:00 +0530 Mon, 14 Sep 2026 19:03:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471682 Interest earned by a co-operative society on deposits with a co-operative bank qualifies for deduction under Section 80P(2)(d) because the bank remains a co-operative society registered under applicable co-operative societies law. Section 80P(4), which denies Section 80P benefits to co-operative banks themselves, does not disqualify an investing co-operative society from claiming deduction on interest derived from investments with such a bank. The deduction is therefore available on the deposit interest. Case-Laws Income Tax Tue, 17 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471682