https://www.taxtmi.com/caselaws?id=309743 The Tribunal upheld that interest and dividend income from surplus funds in short-term deposits with banks is eligible for deduction under Section 80P(2)(a)(i) of the Income Tax Act, as it is attributable to banking activities. The decision affirmed that such income qualifies for the deduction, dismissing the revenue's appeal. en-us Thu, 31 May 2018 00:00:00 +0530 Wed, 20 Sep 2023 08:42:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309743 The Tribunal upheld that interest and dividend income from surplus funds in short-term deposits with banks is eligible for deduction under Section 80P(2)(a)(i) of the Income Tax Act, as it is attributable to banking activities. The decision affirmed that such income qualifies for the deduction, dismissing the revenue's appeal. Case-Laws Income Tax Thu, 31 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309743