https://www.taxtmi.com/caselaws?id=17884 The court held that income from locker rent falls under section 80P(2)(c), not entitled to exemption under section 80P(2)(a)(i). Income from house rent and interest on securities earmarked to reserve fund and gratuity were also deemed ineligible for exemption under section 80P. However, income from miscellaneous receipts attributable to banking business was found eligible for exemption under section 80P. The judgment emphasized the specific activities qualifying for exemption and the nature of income relevant to banking operations, providing clarity on the eligibility for exemption under section 80P for various income sources. en-us Tue, 13 Aug 1996 00:00:00 +0530 Fri, 25 Sep 2009 13:41:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17884 The court held that income from locker rent falls under section 80P(2)(c), not entitled to exemption under section 80P(2)(a)(i). Income from house rent and interest on securities earmarked to reserve fund and gratuity were also deemed ineligible for exemption under section 80P. However, income from miscellaneous receipts attributable to banking business was found eligible for exemption under section 80P. The judgment emphasized the specific activities qualifying for exemption and the nature of income relevant to banking operations, providing clarity on the eligibility for exemption under section 80P for various income sources. Case-Laws Income Tax Tue, 13 Aug 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17884