https://www.taxtmi.com/caselaws?id=751931 The Tribunal ruled in favor of the assessee, allowing the appeal and directing the Assessing Officer to grant the exemption under sections 80P(2)(a)(i) and 80P(2)(d) of the Income Tax Act, 1961. It concluded that interest income from fixed deposits with cooperative banks qualifies as business income eligible for deduction under the Act. en-us Thu, 25 Apr 2024 00:00:00 +0530 Mon, 29 Apr 2024 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751931 The Tribunal ruled in favor of the assessee, allowing the appeal and directing the Assessing Officer to grant the exemption under sections 80P(2)(a)(i) and 80P(2)(d) of the Income Tax Act, 1961. It concluded that interest income from fixed deposits with cooperative banks qualifies as business income eligible for deduction under the Act. Case-Laws Income Tax Thu, 25 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751931