https://www.taxtmi.com/caselaws?id=176650 The High Court affirmed the Tribunal's decision, ruling that interest earned by a cooperative from investments in banks qualifies for deduction under section 80P(2)(a)(i) of the Income Tax Act as business income. The Court found no question of law as previous decisions by the Commissioner of Income Tax (Appeal) and the Tribunal consistently supported this view. The appeal was dismissed, upholding the cooperative's eligibility for the deduction based on established precedent. en-us Thu, 22 Jul 2010 00:00:00 +0530 Fri, 29 Apr 2016 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176650 The High Court affirmed the Tribunal's decision, ruling that interest earned by a cooperative from investments in banks qualifies for deduction under section 80P(2)(a)(i) of the Income Tax Act as business income. The Court found no question of law as previous decisions by the Commissioner of Income Tax (Appeal) and the Tribunal consistently supported this view. The appeal was dismissed, upholding the cooperative's eligibility for the deduction based on established precedent. Case-Laws Income Tax Thu, 22 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176650