“Attributable” Has Wider Scope Than “Derived” Under Section 80P

District Co-operative Sugar Cane Supply Ltd. Vs ITO (ITAT Lucknow) ‘Attributable’ vs ‘Derived’: ITAT Upholds 80P Deduction for Co-operative Cane Society Totgars Not Applicable to Statutory Reserves: Interest on Mandatory Bank Deposits Eligible for 80P:  The Lucknow Bench (SMC) of the ITAT, vide order dated 31.12.2025, in District Co-operative Sugar Cane Supply Ltd. v. ITO, Range-1(1), Bareilly (ITA No. 617/LKW/2024, AY 2020-21), allowed the assessee’s appeal and deleted the addition of ₹30,08,496, holding that interest earned on bank FDRs is eligible for deduction u/s 80P(2)(a)(ii...