https://www.taxtmi.com/caselaws?id=200511 The Tribunal allowed the appeal, holding that the assessee is entitled to the deduction under Section 80P(2)(a)(i) of the Income Tax Act, 1961, for the interest income earned from deposits with nationalized banks, as these were maintained for liquidity purposes and not as surplus funds. The decision was pronounced on May 13, 2015. en-us Wed, 13 May 2015 00:00:00 +0530 Mon, 02 Apr 2018 08:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200511 The Tribunal allowed the appeal, holding that the assessee is entitled to the deduction under Section 80P(2)(a)(i) of the Income Tax Act, 1961, for the interest income earned from deposits with nationalized banks, as these were maintained for liquidity purposes and not as surplus funds. The decision was pronounced on May 13, 2015. Case-Laws Income Tax Wed, 13 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200511