https://www.taxtmi.com/caselaws?id=415639 The Tribunal affirmed the CIT(A)'s order disallowing the appellant Co-operative Society's claim for exemption under Section 80P for interest income from nationalized banks, citing Gujarat HC precedent and Supreme Court interpretation. The Tribunal held that profits from loans to non-members are not deductible under Section 80P(2)(a)(i), dismissing the appeal on 2nd December 2021 in Ahmedabad. en-us Thu, 02 Dec 2021 00:00:00 +0530 Fri, 10 Dec 2021 08:37:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415639 The Tribunal affirmed the CIT(A)'s order disallowing the appellant Co-operative Society's claim for exemption under Section 80P for interest income from nationalized banks, citing Gujarat HC precedent and Supreme Court interpretation. The Tribunal held that profits from loans to non-members are not deductible under Section 80P(2)(a)(i), dismissing the appeal on 2nd December 2021 in Ahmedabad. Case-Laws Income Tax Thu, 02 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415639