https://www.taxtmi.com/caselaws?id=354418 The Tribunal allowed both appeals filed by the assessee, determining that the interest income derived from investments in co-operative societies and banks qualifies for a deduction under section 80P(2)(a)(i) of the Income Tax Act. The Tribunal found that the interest income was eligible for deduction based on the specific circumstances and source of funds involved in the investments made by the co-operative society, distinguishing the case from previous judgments cited by the tax authorities. en-us Wed, 24 Jan 2018 00:00:00 +0530 Sat, 27 Jan 2018 08:40:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354418 The Tribunal allowed both appeals filed by the assessee, determining that the interest income derived from investments in co-operative societies and banks qualifies for a deduction under section 80P(2)(a)(i) of the Income Tax Act. The Tribunal found that the interest income was eligible for deduction based on the specific circumstances and source of funds involved in the investments made by the co-operative society, distinguishing the case from previous judgments cited by the tax authorities. Case-Laws Income Tax Wed, 24 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354418