https://www.taxtmi.com/caselaws?id=261049 The Court affirmed that interest income from non-statutory funds should be considered business income eligible for deduction under Section 80P(2)(a)(i) for a primary cooperative bank engaged in banking activities. The judgment clarified that such income, arising from investments inherent to banking operations, falls within the scope of business income deserving of the deduction, dismissing the revenue's appeal. en-us Tue, 02 Jun 2015 00:00:00 +0530 Wed, 01 Jul 2015 06:46:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261049 The Court affirmed that interest income from non-statutory funds should be considered business income eligible for deduction under Section 80P(2)(a)(i) for a primary cooperative bank engaged in banking activities. The judgment clarified that such income, arising from investments inherent to banking operations, falls within the scope of business income deserving of the deduction, dismissing the revenue's appeal. Case-Laws Income Tax Tue, 02 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261049