https://www.taxtmi.com/caselaws?id=799950 Section 80P(2)(d) allows a co-operative society to deduct interest or dividend income earned from investments with another co-operative society. A co-operative bank continues to qualify as a co-operative society for this purpose. Section 80P(4) restricts a co-operative bank's own eligibility for deduction; it does not prevent another co-operative society from claiming deduction on interest received from investments with that bank. Interest income from investments with co-operative banks is therefore eligible for deduction under section 80P(2)(d). en-us Mon, 14 Sep 2026 00:00:00 +0530 Tue, 29 Sep 2026 08:34:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799950 Section 80P(2)(d) allows a co-operative society to deduct interest or dividend income earned from investments with another co-operative society. A co-operative bank continues to qualify as a co-operative society for this purpose. Section 80P(4) restricts a co-operative bank's own eligibility for deduction; it does not prevent another co-operative society from claiming deduction on interest received from investments with that bank. Interest income from investments with co-operative banks is therefore eligible for deduction under section 80P(2)(d). Case-Laws Income Tax Mon, 14 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799950