https://www.taxtmi.com/caselaws?id=472206 Interest received by a co-operative society from co-operative banks on surplus funds falls within the deduction available under Section 80P(2)(d) of the Income-tax Act. The deduction applies to such interest income, with the analysis relying on the statutory provision and supporting Supreme Court and coordinate-bench rulings. Co-operative societies may therefore claim the deduction for interest earned on deposits held with co-operative banks. en-us Thu, 17 Apr 2025 00:00:00 +0530 Sun, 04 Oct 2026 18:35:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472206 Interest received by a co-operative society from co-operative banks on surplus funds falls within the deduction available under Section 80P(2)(d) of the Income-tax Act. The deduction applies to such interest income, with the analysis relying on the statutory provision and supporting Supreme Court and coordinate-bench rulings. Co-operative societies may therefore claim the deduction for interest earned on deposits held with co-operative banks. Case-Laws Income Tax Thu, 17 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472206