https://www.taxtmi.com/caselaws?id=70566 Dividend income from shares held as business assets by a co-operative banking society was treated as attributable to its banking business because the investments were made in the course of, and incidental to, banking operations; the broader expression "attributable to" in section 80P(2)(a)(i) permitted deduction even where the income was assessed under another head. By contrast, a grievance confined to non-grant of interest on delayed refund was not appealable, as the Income-tax Act did not provide a specific appellate remedy for that complaint. The assessee therefore succeeded on the dividend-income issue but failed on the refund-interest issue. en-us Fri, 31 Oct 1980 00:00:00 +0530 Mon, 18 Apr 2011 10:10:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70566 Dividend income from shares held as business assets by a co-operative banking society was treated as attributable to its banking business because the investments were made in the course of, and incidental to, banking operations; the broader expression "attributable to" in section 80P(2)(a)(i) permitted deduction even where the income was assessed under another head. By contrast, a grievance confined to non-grant of interest on delayed refund was not appealable, as the Income-tax Act did not provide a specific appellate remedy for that complaint. The assessee therefore succeeded on the dividend-income issue but failed on the refund-interest issue. Case-Laws Income Tax Fri, 31 Oct 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70566