https://www.taxtmi.com/caselaws?id=799936 Interest earned by a co-operative credit society on its own funds temporarily placed in deposits with nationalised or scheduled banks is attributable to its business of providing credit facilities to members and qualifies for deduction under section 80P(2)(a)(i). "Attributable to" is broader than "derived from". Treatment as income from other sources does not apply where deposited funds are neither amounts payable to members nor other liabilities. en-us Fri, 18 Sep 2026 00:00:00 +0530 Tue, 29 Sep 2026 08:34:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799936 Interest earned by a co-operative credit society on its own funds temporarily placed in deposits with nationalised or scheduled banks is attributable to its business of providing credit facilities to members and qualifies for deduction under section 80P(2)(a)(i). "Attributable to" is broader than "derived from". Treatment as income from other sources does not apply where deposited funds are neither amounts payable to members nor other liabilities. Case-Laws Income Tax Fri, 18 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799936