https://www.taxtmi.com/caselaws?id=799408 Section 80P(2)(d) deduction for interest received by a co-operative housing society from investments with a co-operative bank remains available for the relevant assessment years despite belated returns. During that period, the timely-return condition for Chapter VI-A deductions did not cover section 80P; a processing adjustment denying the deduction solely for late filing was therefore a mistake apparent from the record and capable of rectification. A co-operative bank holding an RBI licence remains a co-operative society registered under applicable co-operative societies law. Its exclusion from claiming its own deduction does not prevent the investing society from claiming deduction on interest received from it. en-us Mon, 12 Jan 2026 00:00:00 +0530 Tue, 22 Sep 2026 08:17:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799408 Section 80P(2)(d) deduction for interest received by a co-operative housing society from investments with a co-operative bank remains available for the relevant assessment years despite belated returns. During that period, the timely-return condition for Chapter VI-A deductions did not cover section 80P; a processing adjustment denying the deduction solely for late filing was therefore a mistake apparent from the record and capable of rectification. A co-operative bank holding an RBI licence remains a co-operative society registered under applicable co-operative societies law. Its exclusion from claiming its own deduction does not prevent the investing society from claiming deduction on interest received from it. Case-Laws Income Tax Mon, 12 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799408