https://www.taxtmi.com/caselaws?id=278916 The Appellate Tribunal ITAT Pune allowed the appellant's appeal against the denial of deduction under section 80P(2)(a)(i) of the Income-tax Act for interest income earned from bank deposits. The Tribunal held that the interest income was attributable to providing credit facilities to members, making it eligible for the deduction. Relying on precedent and consistency in decision-making, the Tribunal directed the Assessing Officer to grant the deduction, totaling Rs. 31,43,254. The decision was delivered on October 31, 2014, in favor of the appellant. en-us Fri, 31 Oct 2014 00:00:00 +0530 Mon, 25 Feb 2019 23:53:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278916 The Appellate Tribunal ITAT Pune allowed the appellant's appeal against the denial of deduction under section 80P(2)(a)(i) of the Income-tax Act for interest income earned from bank deposits. The Tribunal held that the interest income was attributable to providing credit facilities to members, making it eligible for the deduction. Relying on precedent and consistency in decision-making, the Tribunal directed the Assessing Officer to grant the deduction, totaling Rs. 31,43,254. The decision was delivered on October 31, 2014, in favor of the appellant. Case-Laws Income Tax Fri, 31 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278916