https://www.taxtmi.com/caselaws?id=186167 The Tribunal allowed the assessee's appeals, granting the deduction under Section 80P(2)(a)(i) for interest income received from the State Bank of India. The Tribunal held that the income was attributable to the business of providing credit facilities to its members and could not be treated as "Income from Other Sources." The decision was based on findings that the funds were not surplus but operational, aligning with previous court decisions supporting the assessee's claim. en-us Fri, 10 Jun 2016 00:00:00 +0530 Thu, 08 Sep 2016 19:04:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186167 The Tribunal allowed the assessee's appeals, granting the deduction under Section 80P(2)(a)(i) for interest income received from the State Bank of India. The Tribunal held that the income was attributable to the business of providing credit facilities to its members and could not be treated as "Income from Other Sources." The decision was based on findings that the funds were not surplus but operational, aligning with previous court decisions supporting the assessee's claim. Case-Laws Income Tax Fri, 10 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186167