https://www.taxtmi.com/caselaws?id=430399 The Tribunal partly allowed the Assessee's appeal, ruling that interest income from bank deposits was not eligible for deduction under section 80P(2)(a)(i) as it was unrelated to member activities. The Tribunal clarified the treatment of interest expenses against interest income for deduction calculation, upholding the lower authorities' decision with a partial allowance to the Assessee. en-us Wed, 16 Nov 2022 00:00:00 +0530 Thu, 17 Nov 2022 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430399 The Tribunal partly allowed the Assessee's appeal, ruling that interest income from bank deposits was not eligible for deduction under section 80P(2)(a)(i) as it was unrelated to member activities. The Tribunal clarified the treatment of interest expenses against interest income for deduction calculation, upholding the lower authorities' decision with a partial allowance to the Assessee. Case-Laws Income Tax Wed, 16 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430399