https://www.taxtmi.com/caselaws?id=461602 Interest income earned by a co-operative society from fixed deposits with nationalised banks was held eligible for deduction under section 80P(2)(a)(i) because earlier coordinate bench decisions had allowed the claim in similar circumstances. Faced with conflicting High Court views and no direct jurisdictional High Court ruling, the Tribunal followed the interpretation favourable to the assessee. The Revenue's challenge therefore failed, and the deduction was allowed. en-us Wed, 23 Jan 2019 00:00:00 +0530 Tue, 15 Apr 2025 19:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461602 Interest income earned by a co-operative society from fixed deposits with nationalised banks was held eligible for deduction under section 80P(2)(a)(i) because earlier coordinate bench decisions had allowed the claim in similar circumstances. Faced with conflicting High Court views and no direct jurisdictional High Court ruling, the Tribunal followed the interpretation favourable to the assessee. The Revenue's challenge therefore failed, and the deduction was allowed. Case-Laws Income Tax Wed, 23 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461602