https://www.taxtmi.com/caselaws?id=261276 The Tribunal allowed the appeals for both AY 2009-10 and 2010-11, granting the deduction under Section 80P(2)(a)(i) for interest income earned from fixed deposits with banks. The decision of the Karnataka High Court was applied, distinguishing the facts from the Totagars case. The Tribunal concluded that the interest income should be considered as part of the business income of the co-operative society and not taxed under "Other Sources." en-us Mon, 29 Jun 2015 00:00:00 +0530 Tue, 07 Jul 2015 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261276 The Tribunal allowed the appeals for both AY 2009-10 and 2010-11, granting the deduction under Section 80P(2)(a)(i) for interest income earned from fixed deposits with banks. The decision of the Karnataka High Court was applied, distinguishing the facts from the Totagars case. The Tribunal concluded that the interest income should be considered as part of the business income of the co-operative society and not taxed under "Other Sources." Case-Laws Income Tax Mon, 29 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261276