https://www.taxtmi.com/caselaws?id=329967 The Tribunal allowed the appeal partly, granting Section 80P deduction for interest income of Rs. 2,70,168/- derived from investments made with nationalized banks and from surplus funds parked in various banks by a cooperative society. The Tribunal emphasized that the interest income was attributable to the business activities of the cooperative society, making it eligible for deduction under Section 80P. The issue of addition of Rs. 1,28,012/- in profits earned from trading activity was remitted back to the CIT(A) for further consideration. en-us Fri, 08 Jul 2016 00:00:00 +0530 Thu, 14 Jul 2016 11:41:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329967 The Tribunal allowed the appeal partly, granting Section 80P deduction for interest income of Rs. 2,70,168/- derived from investments made with nationalized banks and from surplus funds parked in various banks by a cooperative society. The Tribunal emphasized that the interest income was attributable to the business activities of the cooperative society, making it eligible for deduction under Section 80P. The issue of addition of Rs. 1,28,012/- in profits earned from trading activity was remitted back to the CIT(A) for further consideration. Case-Laws Income Tax Fri, 08 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329967