https://www.taxtmi.com/caselaws?id=276086 The court upheld the Tribunal's decision, ruling that interest income from deposits in National Saving Certificates and Kisan Vikas Patras is considered part of banking business, entitling the assessee to exemption under Section 80P(2)(a)(i) of the Income Tax Act. The earlier judgment that disputed this was overturned by the Apex Court, establishing that such interest income is exempted. The appeals were dismissed, and no costs were awarded. en-us Mon, 23 Mar 2015 00:00:00 +0530 Sun, 28 Oct 2018 08:25:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276086 The court upheld the Tribunal's decision, ruling that interest income from deposits in National Saving Certificates and Kisan Vikas Patras is considered part of banking business, entitling the assessee to exemption under Section 80P(2)(a)(i) of the Income Tax Act. The earlier judgment that disputed this was overturned by the Apex Court, establishing that such interest income is exempted. The appeals were dismissed, and no costs were awarded. Case-Laws Income Tax Mon, 23 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276086