https://www.taxtmi.com/caselaws?id=270617 The Tribunal upheld the CIT(A)'s decision allowing the Cooperative Society to claim deduction under section 80P(2)(a)(i) of the Income Tax Act, distinguishing it from a Cooperative Bank. The Tribunal dismissed the Revenue's appeal on this ground. However, the Tribunal remanded the issue of treating interest income on investments as business income back to the AO for verification of the source of investment funds and proper determination of the income head, setting aside the CIT(A)'s order on this matter. en-us Wed, 18 Nov 2015 00:00:00 +0530 Mon, 11 Jan 2016 11:05:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270617 The Tribunal upheld the CIT(A)'s decision allowing the Cooperative Society to claim deduction under section 80P(2)(a)(i) of the Income Tax Act, distinguishing it from a Cooperative Bank. The Tribunal dismissed the Revenue's appeal on this ground. However, the Tribunal remanded the issue of treating interest income on investments as business income back to the AO for verification of the source of investment funds and proper determination of the income head, setting aside the CIT(A)'s order on this matter. Case-Laws Income Tax Wed, 18 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270617