https://www.taxtmi.com/caselaws?id=33937 The court upheld the Tribunal's decision that interest income received by Cooperative Banks from investments in Kisan Vikas Patra and Indira Vikas Patra made out of funds in voluntary reserves, generated from banking business, qualifies for exemption under section 80P(2)(a)(i) of the Income Tax Act, 1961. The judgment dismissed the appeals accordingly, with costs as ordered. en-us Tue, 16 Jun 2009 00:00:00 +0530 Fri, 28 Dec 2012 11:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33937 The court upheld the Tribunal's decision that interest income received by Cooperative Banks from investments in Kisan Vikas Patra and Indira Vikas Patra made out of funds in voluntary reserves, generated from banking business, qualifies for exemption under section 80P(2)(a)(i) of the Income Tax Act, 1961. The judgment dismissed the appeals accordingly, with costs as ordered. Case-Laws Income Tax Tue, 16 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33937