https://www.taxtmi.com/caselaws?id=266133 Interest earned by a co-operative credit society on bank deposits was treated as attributable to its credit business where the deposits were linked to that business activity, so the income qualified for deduction under section 80P(2)(a)(i) rather than being assessed as income from other sources. Applying the jurisdictional High Court view, the Tribunal held that such interest fell within the scope of the statutory deduction. The deduction was therefore allowable in favour of the assessee. en-us Fri, 20 Feb 2015 00:00:00 +0530 Sat, 17 Oct 2015 15:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266133 Interest earned by a co-operative credit society on bank deposits was treated as attributable to its credit business where the deposits were linked to that business activity, so the income qualified for deduction under section 80P(2)(a)(i) rather than being assessed as income from other sources. Applying the jurisdictional High Court view, the Tribunal held that such interest fell within the scope of the statutory deduction. The deduction was therefore allowable in favour of the assessee. Case-Laws Income Tax Fri, 20 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266133