https://www.taxtmi.com/caselaws?id=295444 The HC of Andhra Pradesh upheld the CIT(A)'s decision, favoring the respondent-assessee, by dismissing the Revenue's appeal under Section 260A of the Income Tax Act. The court ruled that interest income from FDRs with banks qualifies for deduction under Section 80P(2)(a)(i), aligning with prior judgments on Cooperative Credit Societies. en-us Wed, 12 Apr 2017 00:00:00 +0530 Mon, 11 Nov 2024 17:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295444 The HC of Andhra Pradesh upheld the CIT(A)'s decision, favoring the respondent-assessee, by dismissing the Revenue's appeal under Section 260A of the Income Tax Act. The court ruled that interest income from FDRs with banks qualifies for deduction under Section 80P(2)(a)(i), aligning with prior judgments on Cooperative Credit Societies. Case-Laws Income Tax Wed, 12 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295444