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Interest earned by co-operative society from a co-operative bank would be eligible for sec. 80P relief

June 12, 2018[2018] 94 15 (Mumbai - Trib.)

IT : A co-operative bank continues to be a co-operative society registered under Co-operative Societies Act, 1912 or under any other law for time being in force in any State for registration of co-operative societies, and, therefore, interest income derived by a co-operative society from its investments held with a co-operative bank, would be entitled for claim of deduction under section 80P(2)(d)
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