https://www.taxtmi.com/caselaws?id=288210 The Tribunal upheld the CIT(A) orders allowing deduction u/s 80P(2) for the assessment year 2015-16, based on the High Court judgment that primary agricultural credit societies are entitled to exemption under section 80P of the IT Act. The Tribunal also affirmed the eligibility of interest income from other Banks and Treasury for deduction u/s 80P(2)(d), dismissing the Revenue's appeals. The Cross Objection filed by the assessee was rendered infructuous. Both Revenue's appeals and the assessee's Cross objection were dismissed, confirming the CIT(A) decisions. en-us Tue, 12 Mar 2019 00:00:00 +0530 Tue, 26 May 2020 13:09:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288210 The Tribunal upheld the CIT(A) orders allowing deduction u/s 80P(2) for the assessment year 2015-16, based on the High Court judgment that primary agricultural credit societies are entitled to exemption under section 80P of the IT Act. The Tribunal also affirmed the eligibility of interest income from other Banks and Treasury for deduction u/s 80P(2)(d), dismissing the Revenue's appeals. The Cross Objection filed by the assessee was rendered infructuous. Both Revenue's appeals and the assessee's Cross objection were dismissed, confirming the CIT(A) decisions. Case-Laws Income Tax Tue, 12 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288210