https://www.taxtmi.com/caselaws?id=216746 The court dismissed the appeal under Section 260A of the Income Tax Act, 1961, challenging the deduction under section 80P(2)(d) for interest income derived by a cooperative society from member cooperative societies. The court held that expenses attributable to earning such income must be determined and deducted, as per the precedent set by a previous judgment regarding the applicability of Section 14A. The appeal was decided in favor of the revenue, affirming the disallowance of the deduction claimed by the appellant for the assessment year 2003-04. en-us Fri, 31 Aug 2012 00:00:00 +0530 Wed, 19 Sep 2012 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216746 The court dismissed the appeal under Section 260A of the Income Tax Act, 1961, challenging the deduction under section 80P(2)(d) for interest income derived by a cooperative society from member cooperative societies. The court held that expenses attributable to earning such income must be determined and deducted, as per the precedent set by a previous judgment regarding the applicability of Section 14A. The appeal was decided in favor of the revenue, affirming the disallowance of the deduction claimed by the appellant for the assessment year 2003-04. Case-Laws Income Tax Fri, 31 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216746