https://www.taxtmi.com/caselaws?id=33988 The court dismissed the appeals, ruling that interest earned from the investment of employees' provident fund and rental income from house property do not qualify for deduction under section 80P(2)(a)(i) of the Income-tax Act. The court emphasized that such income was not derived from or attributable to the banking business, based on precedents and the nature of the funds involved. The delay in filing the appeal was condoned due to a satisfactory explanation, allowing the appeal to proceed. en-us Wed, 03 Sep 2008 00:00:00 +0530 Thu, 02 Jul 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33988 The court dismissed the appeals, ruling that interest earned from the investment of employees' provident fund and rental income from house property do not qualify for deduction under section 80P(2)(a)(i) of the Income-tax Act. The court emphasized that such income was not derived from or attributable to the banking business, based on precedents and the nature of the funds involved. The delay in filing the appeal was condoned due to a satisfactory explanation, allowing the appeal to proceed. Case-Laws Income Tax Wed, 03 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33988