https://www.taxtmi.com/caselaws?id=800960 Interest income earned by a credit co-operative society from investments with co-operative banks qualifies for deduction under Section 80P(2)(d). That provision covers interest or dividend income derived from investments with another co-operative society. Section 80P(4) bars co-operative banks from claiming deduction under Section 80P in their own right, but does not remove their status as co-operative societies when assessing a depositor co-operative society's deduction under Section 80P(2)(d). Consistent co-ordinate decisions support eligibility of such investment interest for the deduction. en-us Tue, 06 Oct 2026 00:00:00 +0530 Wed, 14 Oct 2026 06:17:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800960 Interest income earned by a credit co-operative society from investments with co-operative banks qualifies for deduction under Section 80P(2)(d). That provision covers interest or dividend income derived from investments with another co-operative society. Section 80P(4) bars co-operative banks from claiming deduction under Section 80P in their own right, but does not remove their status as co-operative societies when assessing a depositor co-operative society's deduction under Section 80P(2)(d). Consistent co-ordinate decisions support eligibility of such investment interest for the deduction. Case-Laws Income Tax Tue, 06 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800960