Deduction u/s 80P Income on Investment earned by Cooperative Societies

Dear Members,

It have been noticed that Income Tax Demand Notices have been issued to most of the Co-operative Housing Societies due to disallowance of Deduction claim u/s 80P i.e., Interest Income Earned on Fixed Deposit by one Cooperative (Housing Society) from another Cooperative (Banks).  

Queries - 

1. Judgement/ Cases defending the Coop. Housing Societies in above certain cases/ situation

Suggestions are welcomed. Thanks in advance 

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