Assessee was engaged in providing credit facilities supply of agricultural inputs and consumer goods to its members. It had claimed deduction in respect of interest income received on deposits pertaining to reserved fund with co-operative banks and other nationalized banks. AO disallowed the deduction claimed y/s 80P (2). The grounds raised by the revenue are dismissed. Hence the assessee is eligible to claim deduction.   Followed  Vavveru Co-operative Rural Bank  v CCIT (2017) 396 ITR 371 (AP)(HC)) (AY 2018-19)