https://www.taxtmi.com/caselaws?id=263935 The tribunal allowed the appeal filed by the assessee, holding that the interest income of Rs. 19,16,609 on standard assets, representing loans given to members, is eligible for deduction under Section 80P. The tribunal directed the AO to verify that the interest income was earned on loans to members and allowed the claim of the assessee subject to this verification. en-us Fri, 26 Jun 2015 00:00:00 +0530 Mon, 14 Sep 2015 06:57:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263935 The tribunal allowed the appeal filed by the assessee, holding that the interest income of Rs. 19,16,609 on standard assets, representing loans given to members, is eligible for deduction under Section 80P. The tribunal directed the AO to verify that the interest income was earned on loans to members and allowed the claim of the assessee subject to this verification. Case-Laws Income Tax Fri, 26 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263935