https://www.taxtmi.com/caselaws?id=472428 Section 80P(2)(d) permits a co-operative society to deduct interest income derived from investments with another co-operative society. Section 80P(4) prevents a co-operative bank from claiming the deduction in its own capacity but does not alter its status as a co-operative society registered under applicable co-operative societies law. Accordingly, interest earned by a co-operative society on deposits with co-operative banks qualifies for deduction under section 80P(2)(d). en-us Fri, 28 Feb 2025 00:00:00 +0530 Tue, 13 Oct 2026 04:47:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472428 Section 80P(2)(d) permits a co-operative society to deduct interest income derived from investments with another co-operative society. Section 80P(4) prevents a co-operative bank from claiming the deduction in its own capacity but does not alter its status as a co-operative society registered under applicable co-operative societies law. Accordingly, interest earned by a co-operative society on deposits with co-operative banks qualifies for deduction under section 80P(2)(d). Case-Laws Income Tax Fri, 28 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472428