https://www.taxtmi.com/caselaws?id=279817 A member-based co-operative credit society was distinguished from a co-operative bank on the facts, because its activities were confined to dealing with members, so Section 80P relief remained available on that issue. Interest earned on fixed deposits made from surplus or reserve funds was treated as income from other sources and outside Section 80P relief, following the principle applied from Supreme Court authority. Commission income and MSEB-related receipts were not finally determined and were remitted for fresh verification because the record was insufficiently examined. en-us Fri, 17 Mar 2017 00:00:00 +0530 Mon, 08 Apr 2019 00:39:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279817 A member-based co-operative credit society was distinguished from a co-operative bank on the facts, because its activities were confined to dealing with members, so Section 80P relief remained available on that issue. Interest earned on fixed deposits made from surplus or reserve funds was treated as income from other sources and outside Section 80P relief, following the principle applied from Supreme Court authority. Commission income and MSEB-related receipts were not finally determined and were remitted for fresh verification because the record was insufficiently examined. Case-Laws Income Tax Fri, 17 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279817