https://www.taxtmi.com/caselaws?id=472351 Section 80P(4) excludes specified co-operative banks from the deduction but does not remove a co-operative credit society's eligibility under Section 80P(2)(a)(i) or Section 80P(2)(d). Interest earned by such a society on deposits with a co-operative bank remains deductible where that bank is a registered co-operative society within Section 2(19). Allowing this deduction does not make the assessment erroneous and prejudicial to the Revenue; consequently, revision under Section 263 on that basis is unsustainable. en-us Fri, 24 Mar 2023 00:00:00 +0530 Thu, 08 Oct 2026 17:03:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472351 Section 80P(4) excludes specified co-operative banks from the deduction but does not remove a co-operative credit society's eligibility under Section 80P(2)(a)(i) or Section 80P(2)(d). Interest earned by such a society on deposits with a co-operative bank remains deductible where that bank is a registered co-operative society within Section 2(19). Allowing this deduction does not make the assessment erroneous and prejudicial to the Revenue; consequently, revision under Section 263 on that basis is unsustainable. Case-Laws Income Tax Fri, 24 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472351