https://www.taxtmi.com/caselaws?id=281719 The Tribunal upheld the assessing officer's decision to classify interest income from banks as "income from other sources," denying deduction under Section 80P. Pro rata expenses related to interest income were allowed for deduction under Section 80P. The appeal was partly allowed for statistical purposes, while grounds on interest levy and penalty proceedings were dismissed. The decision was pronounced on 31-01-2019. en-us Thu, 31 Jan 2019 00:00:00 +0530 Wed, 03 Jul 2019 09:59:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281719 The Tribunal upheld the assessing officer's decision to classify interest income from banks as "income from other sources," denying deduction under Section 80P. Pro rata expenses related to interest income were allowed for deduction under Section 80P. The appeal was partly allowed for statistical purposes, while grounds on interest levy and penalty proceedings were dismissed. The decision was pronounced on 31-01-2019. Case-Laws Income Tax Thu, 31 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281719