https://www.taxtmi.com/caselaws?id=366551 The Tribunal allowed both appeals of the assessee. It held that the interest income from Saraswat Cooperative Bank Ltd. is eligible for deduction under Section 80P(2)(d) and directed the A.O. to allow the deduction of Rs. 50,000 under Section 80P(2)(c)(ii). The Tribunal's decision was based on various judicial precedents and the interpretation of relevant provisions of the Income Tax Act. en-us Tue, 04 Sep 2018 00:00:00 +0530 Sat, 20 Oct 2018 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366551 The Tribunal allowed both appeals of the assessee. It held that the interest income from Saraswat Cooperative Bank Ltd. is eligible for deduction under Section 80P(2)(d) and directed the A.O. to allow the deduction of Rs. 50,000 under Section 80P(2)(c)(ii). The Tribunal's decision was based on various judicial precedents and the interpretation of relevant provisions of the Income Tax Act. Case-Laws Income Tax Tue, 04 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366551