https://www.taxtmi.com/caselaws?id=271786 The Tribunal allowed the appeal of the credit co-operative society, directing the Assessing Officer to grant exemption under section 80P(2)(a)(i) for interest income earned on fixed deposits with nationalized banks. The decision was based on previous Tribunal rulings and the interpretation that such interest income is attributable to the business of providing credit facilities to members. en-us Wed, 13 Jan 2016 00:00:00 +0530 Wed, 17 Feb 2016 06:57:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271786 The Tribunal allowed the appeal of the credit co-operative society, directing the Assessing Officer to grant exemption under section 80P(2)(a)(i) for interest income earned on fixed deposits with nationalized banks. The decision was based on previous Tribunal rulings and the interpretation that such interest income is attributable to the business of providing credit facilities to members. Case-Laws Income Tax Wed, 13 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271786