https://www.taxtmi.com/caselaws?id=181989 The Tribunal allowed the appellant's appeal, finding that the interest income earned on deposits with a bank is attributable to the business of banking and therefore eligible for deduction under section 80P of the Income Tax Act. Relying on previous decisions and the absence of contrary binding decisions, the Tribunal held in favor of the appellant, disapproving the order of the ld.CIT(A) and allowing the claim for deduction under section 80P. en-us Fri, 26 Feb 2016 00:00:00 +0530 Fri, 29 Apr 2016 10:27:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181989 The Tribunal allowed the appellant's appeal, finding that the interest income earned on deposits with a bank is attributable to the business of banking and therefore eligible for deduction under section 80P of the Income Tax Act. Relying on previous decisions and the absence of contrary binding decisions, the Tribunal held in favor of the appellant, disapproving the order of the ld.CIT(A) and allowing the claim for deduction under section 80P. Case-Laws Income Tax Fri, 26 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181989