https://www.taxtmi.com/caselaws?id=178191 The Tribunal upheld the Commissioner of Income-tax(A)'s order, ruling in favor of the assessee. It held that the interest received from deposits in the Kerala Government Treasury Small Savings Fixed Deposit Scheme was eligible for deduction under section 80P(2)(a)(i) of the Act. The Tribunal emphasized that the investment in the scheme was in line with the assessee's banking activities permitted by the Banking Regulation Act, distinguishing it from cases where interest on surplus funds was not considered deductible. en-us Fri, 20 Jan 2012 00:00:00 +0530 Mon, 14 Aug 2017 20:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178191 The Tribunal upheld the Commissioner of Income-tax(A)'s order, ruling in favor of the assessee. It held that the interest received from deposits in the Kerala Government Treasury Small Savings Fixed Deposit Scheme was eligible for deduction under section 80P(2)(a)(i) of the Act. The Tribunal emphasized that the investment in the scheme was in line with the assessee's banking activities permitted by the Banking Regulation Act, distinguishing it from cases where interest on surplus funds was not considered deductible. Case-Laws Income Tax Fri, 20 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178191