https://www.taxtmi.com/caselaws?id=402641 The Tribunal held that interest income earned by a Co-Operative Credit Society from a Savings Bank account is considered business income eligible for deduction under section 80P(2) of the Income Tax Act. The Tribunal distinguished the case from previous Supreme Court decisions and supported its decision with a High Court ruling, ultimately allowing the assessee's appeal against the Assessing Officer and CIT (A). The order was pronounced on 6th January 2021. en-us Wed, 06 Jan 2021 00:00:00 +0530 Wed, 28 Jul 2021 18:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402641 The Tribunal held that interest income earned by a Co-Operative Credit Society from a Savings Bank account is considered business income eligible for deduction under section 80P(2) of the Income Tax Act. The Tribunal distinguished the case from previous Supreme Court decisions and supported its decision with a High Court ruling, ultimately allowing the assessee's appeal against the Assessing Officer and CIT (A). The order was pronounced on 6th January 2021. Case-Laws Income Tax Wed, 06 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402641