https://www.taxtmi.com/caselaws?id=205395 Section 260A appeals were maintainable because the substantial question of law regarding surplus and non-SLR investment income had been raised before the appellate authorities and considered by the Tribunal. For section 80P(2)(a)(i), interest earned by a cooperative bank on investments of surplus funds, including statutory reserves and non-SLR deposits, was held attributable to the business of banking. The Court treated the distinction between SLR and non-SLR investments as immaterial for this purpose and held that such interest formed part of banking profits. The revenue's challenge failed and the deduction claim was allowed. en-us Tue, 07 Jun 2011 00:00:00 +0530 Sat, 13 Jun 2026 10:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205395 Section 260A appeals were maintainable because the substantial question of law regarding surplus and non-SLR investment income had been raised before the appellate authorities and considered by the Tribunal. For section 80P(2)(a)(i), interest earned by a cooperative bank on investments of surplus funds, including statutory reserves and non-SLR deposits, was held attributable to the business of banking. The Court treated the distinction between SLR and non-SLR investments as immaterial for this purpose and held that such interest formed part of banking profits. The revenue's challenge failed and the deduction claim was allowed. Case-Laws Income Tax Tue, 07 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205395