https://www.taxtmi.com/caselaws?id=361070 The Tribunal allowed both appeals, ruling that the interest income earned by the Cooperative Society from its savings bank account was eligible for deduction under section 80P(2)(a)(i) of the IT Act. The decision was based on the interpretation of the term 'attributable to' in the context of the business activities of the Cooperative Society, as established by the Hon'ble Karnataka High Court in a similar case. en-us Mon, 21 May 2018 00:00:00 +0530 Tue, 29 May 2018 09:27:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361070 The Tribunal allowed both appeals, ruling that the interest income earned by the Cooperative Society from its savings bank account was eligible for deduction under section 80P(2)(a)(i) of the IT Act. The decision was based on the interpretation of the term 'attributable to' in the context of the business activities of the Cooperative Society, as established by the Hon'ble Karnataka High Court in a similar case. Case-Laws Income Tax Mon, 21 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361070