Allowing the appeal the Tribunal held that the interest income earned by the co-operative society on deposits made out of surplus funds with co-operative banks as well as scheduled banks qualified for deduction both under the provisions of section 80P(2)(a)(i) and section 80P(2)(d) of the Act. The Assessing Officer was directed to allow the deduction under section 80P(2)(a)(i) and 80P(2)(d) in respect of interest income earned from co-operative bank/scheduled bank.  (AY.2018-19)