https://www.taxtmi.com/caselaws?id=300705 The Tribunal dismissed the appeal of the Co-operative Society on both grounds, upholding the denial of deduction under Section 80P(2)(a)(i) for interest earned on staff advances and savings bank accounts. The Tribunal ruled that the interest earned did not qualify as profits attributable to the society's activities of providing credit facilities to its members, as required by the relevant section of the Income Tax Act. en-us Thu, 11 Jan 2018 00:00:00 +0530 Sun, 20 Feb 2022 21:42:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300705 The Tribunal dismissed the appeal of the Co-operative Society on both grounds, upholding the denial of deduction under Section 80P(2)(a)(i) for interest earned on staff advances and savings bank accounts. The Tribunal ruled that the interest earned did not qualify as profits attributable to the society's activities of providing credit facilities to its members, as required by the relevant section of the Income Tax Act. Case-Laws Income Tax Thu, 11 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300705