https://www.taxtmi.com/caselaws?id=364157 The Tribunal partially allowed the appeal of the appellant-cooperative society, directing the Assessing Officer to exclude net interest income from deductions claimed under specific sections of the Income Tax Act and to allow expenses incurred in earning such interest income. The Tribunal relied on relevant case law to determine the disallowance of deductions and computation of income from banks for the cooperative society. en-us Fri, 13 Jul 2018 00:00:00 +0530 Tue, 24 Jul 2018 08:51:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364157 The Tribunal partially allowed the appeal of the appellant-cooperative society, directing the Assessing Officer to exclude net interest income from deductions claimed under specific sections of the Income Tax Act and to allow expenses incurred in earning such interest income. The Tribunal relied on relevant case law to determine the disallowance of deductions and computation of income from banks for the cooperative society. Case-Laws Income Tax Fri, 13 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364157