https://www.taxtmi.com/caselaws?id=284797 The Tribunal affirmed the first appellate authority's decision, holding that interest income on fixed deposits and savings bank accounts is part of the banking activity of the assessee, making it eligible for deduction under section 80P(2)(a)(i) of the Income Tax Act, 1961. The Revenue's appeal was dismissed as the Tribunal found no contrary decision and noted the similarity of facts to a previous assessment year. The order was pronounced on 21.2.2012, with both parties' representatives present. en-us Tue, 21 Feb 2012 00:00:00 +0530 Wed, 11 Dec 2019 10:23:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284797 The Tribunal affirmed the first appellate authority's decision, holding that interest income on fixed deposits and savings bank accounts is part of the banking activity of the assessee, making it eligible for deduction under section 80P(2)(a)(i) of the Income Tax Act, 1961. The Revenue's appeal was dismissed as the Tribunal found no contrary decision and noted the similarity of facts to a previous assessment year. The order was pronounced on 21.2.2012, with both parties' representatives present. Case-Laws Income Tax Tue, 21 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284797