https://www.taxtmi.com/highlights?id=36825 Penalty levied u/s 271(1)(c) - eligible for deduction u/s 80P(2)(a)(i) denied - interest paid to the cooperative society exceeds the interest received from the bank on investments - Revenue is not required to look to the nature of the investment whether it was from its surplus funds or otherwise - HC en-us Fri, 10 Nov 2017 09:22:54 +0530 Fri, 10 Nov 2017 09:22:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=36825 Penalty levied u/s 271(1)(c) - eligible for deduction u/s 80P(2)(a)(i) denied - interest paid to the cooperative society exceeds the interest received from the bank on investments - Revenue is not required to look to the nature of the investment whether it was from its surplus funds or otherwise - HC Highlights Income Tax Fri, 10 Nov 2017 09:22:54 +0530 https://www.taxtmi.com/highlights?id=36825