https://www.taxtmi.com/caselaws?id=76301 Income from statutory investments made under the co-operative societies law was treated as falling within the existing precedent on deduction under Section 80P(2)(a)(i), and the Tribunal's view was found consistent with that binding authority. The related claim for deduction on investment income was therefore not reopened, and the challenge did not survive. The accompanying claim relating to locker rent was also not accepted. On that basis, the questions were answered against the assessee and in favour of the Revenue, and the appeal was dismissed. en-us Tue, 30 Mar 2010 00:00:00 +0530 Fri, 18 Jun 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76301 Income from statutory investments made under the co-operative societies law was treated as falling within the existing precedent on deduction under Section 80P(2)(a)(i), and the Tribunal's view was found consistent with that binding authority. The related claim for deduction on investment income was therefore not reopened, and the challenge did not survive. The accompanying claim relating to locker rent was also not accepted. On that basis, the questions were answered against the assessee and in favour of the Revenue, and the appeal was dismissed. Case-Laws Income Tax Tue, 30 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76301