https://www.taxtmi.com/caselaws?id=373847 Eligibility for deduction under section 80P depended first on whether the assessee's business and RBI certification showed it to be a co-operative bank; if so, the deduction would not be available, and the matter was remitted to the Assessing Officer for fresh determination after examining the RBI certificate. Deductibility of interest income from bank deposits under section 80P likewise turned on the applicable authorities concerning surplus funds and deposits pending lending to members, but no lower-level finding had been recorded, so this question was also sent back for de novo decision on the facts and governing legal principles. en-us Fri, 18 Jan 2019 00:00:00 +0530 Mon, 21 Jan 2019 09:44:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373847 Eligibility for deduction under section 80P depended first on whether the assessee's business and RBI certification showed it to be a co-operative bank; if so, the deduction would not be available, and the matter was remitted to the Assessing Officer for fresh determination after examining the RBI certificate. Deductibility of interest income from bank deposits under section 80P likewise turned on the applicable authorities concerning surplus funds and deposits pending lending to members, but no lower-level finding had been recorded, so this question was also sent back for de novo decision on the facts and governing legal principles. Case-Laws Income Tax Fri, 18 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373847