https://www.taxtmi.com/caselaws?id=299541 The ITAT allowed deductions for interest income from deposits with State Bank of India and commission income from Maharashtra State Electricity Board under section 80P(2)(a)(i) of the Act. The decision emphasized interpreting income as attributable to the business of providing credit facilities for eligibility. The Assessing Officer's contentions were confirmed, and no specific decision was made on penalty and interest initiation under sections 271(1)(c) and 234A-D. en-us Mon, 19 Nov 2018 00:00:00 +0530 Sun, 19 Dec 2021 09:06:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299541 The ITAT allowed deductions for interest income from deposits with State Bank of India and commission income from Maharashtra State Electricity Board under section 80P(2)(a)(i) of the Act. The decision emphasized interpreting income as attributable to the business of providing credit facilities for eligibility. The Assessing Officer's contentions were confirmed, and no specific decision was made on penalty and interest initiation under sections 271(1)(c) and 234A-D. Case-Laws Income Tax Mon, 19 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299541