https://www.taxtmi.com/caselaws?id=337305 The Tribunal upheld the decision to disallow the deduction under section 80P(2)(c) for interest income from fixed deposits with nationalized banks, as it was not considered as profits and gains attributable to the activities of the Co-operative society. The Tribunal emphasized the necessity of establishing a direct connection between the income and the society's activities to claim such deductions, ultimately dismissing the appeal and confirming the disallowance of the deduction. en-us Fri, 29 Apr 2016 00:00:00 +0530 Fri, 06 Jan 2017 13:42:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337305 The Tribunal upheld the decision to disallow the deduction under section 80P(2)(c) for interest income from fixed deposits with nationalized banks, as it was not considered as profits and gains attributable to the activities of the Co-operative society. The Tribunal emphasized the necessity of establishing a direct connection between the income and the society's activities to claim such deductions, ultimately dismissing the appeal and confirming the disallowance of the deduction. Case-Laws Income Tax Fri, 29 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337305