https://www.taxtmi.com/caselaws?id=185511 The Tribunal dismissed the Revenue's appeals and the assessee's cross objections, affirming the CIT(A)'s decision to allow the deduction under section 80P(2)(a)(i) for interest income on jewel loan and other loans. Previous Tribunal decisions supported the allowance of the deduction, emphasizing the distinction between cooperative banks and Primary Agricultural Credit Societies. The assessing authority was directed to grant the deduction as per the provisions of the Income Tax Act. en-us Fri, 17 Apr 2015 00:00:00 +0530 Wed, 17 Aug 2016 08:44:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185511 The Tribunal dismissed the Revenue's appeals and the assessee's cross objections, affirming the CIT(A)'s decision to allow the deduction under section 80P(2)(a)(i) for interest income on jewel loan and other loans. Previous Tribunal decisions supported the allowance of the deduction, emphasizing the distinction between cooperative banks and Primary Agricultural Credit Societies. The assessing authority was directed to grant the deduction as per the provisions of the Income Tax Act. Case-Laws Income Tax Fri, 17 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185511