https://www.taxtmi.com/caselaws?id=367126 The Tribunal upheld the CIT(A)'s decision, allowing deduction under section 80P(2)(a)(i) for interest income received by the agricultural credit society from investments with sub-treasuries and banks. The Tribunal distinguished the case law cited by the Revenue, emphasizing that the interest income was part of the banking activity and thus eligible for the deduction. The decision was based on various judicial pronouncements supporting the assessee's position, leading to the dismissal of the Revenue's appeals. en-us Mon, 03 Sep 2018 00:00:00 +0530 Sat, 15 Sep 2018 07:39:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367126 The Tribunal upheld the CIT(A)'s decision, allowing deduction under section 80P(2)(a)(i) for interest income received by the agricultural credit society from investments with sub-treasuries and banks. The Tribunal distinguished the case law cited by the Revenue, emphasizing that the interest income was part of the banking activity and thus eligible for the deduction. The decision was based on various judicial pronouncements supporting the assessee's position, leading to the dismissal of the Revenue's appeals. Case-Laws Income Tax Mon, 03 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367126