https://www.taxtmi.com/caselaws?id=391766 The Tribunal confirmed the disallowance of interest income from scheduled banks but allowed deductions for interest income from cooperative banks under sections 80P(2)(a)(i) and 80P(2)(d) of the Income Tax Act, 1961. Proportionate disallowance was upheld in certain instances, and a statutory standard deduction under section 80P(2)(c) was allowed. The Tribunal partly allowed all three appeals for statistical purposes. en-us Tue, 04 Feb 2020 00:00:00 +0530 Thu, 06 Feb 2020 07:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391766 The Tribunal confirmed the disallowance of interest income from scheduled banks but allowed deductions for interest income from cooperative banks under sections 80P(2)(a)(i) and 80P(2)(d) of the Income Tax Act, 1961. Proportionate disallowance was upheld in certain instances, and a statutory standard deduction under section 80P(2)(c) was allowed. The Tribunal partly allowed all three appeals for statistical purposes. Case-Laws Income Tax Tue, 04 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391766