https://www.taxtmi.com/caselaws?id=18020 Interest on securities received by a co-operative bank was held deductible as business income under section 80P(2)(a)(i) because the court followed its earlier binding decision treating such income as eligible for the deduction, and the claim succeeded. Dividend income was also held deductible under section 80P(2)(c) because it fell within the prescribed monetary limit and the statutory conditions for exclusion from taxable profits and gains were satisfied, so that claim also succeeded. en-us Wed, 10 Jan 1996 00:00:00 +0530 Sat, 26 Sep 2009 12:32:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18020 Interest on securities received by a co-operative bank was held deductible as business income under section 80P(2)(a)(i) because the court followed its earlier binding decision treating such income as eligible for the deduction, and the claim succeeded. Dividend income was also held deductible under section 80P(2)(c) because it fell within the prescribed monetary limit and the statutory conditions for exclusion from taxable profits and gains were satisfied, so that claim also succeeded. Case-Laws Income Tax Wed, 10 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18020