https://www.taxtmi.com/caselaws?id=462123 SC and ITAT affirmed that interest income from investments by primary agricultural credit societies with Treasury and banks constitutes business income, qualifying for deduction under Section 80P(2)(a)(i) of Income Tax Act. The court held such income is integral to banking operations, not income from other sources, and therefore eligible for tax deduction. Revenue's challenge was dismissed. en-us Fri, 10 Jan 2020 00:00:00 +0530 Mon, 26 May 2025 19:07:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462123 SC and ITAT affirmed that interest income from investments by primary agricultural credit societies with Treasury and banks constitutes business income, qualifying for deduction under Section 80P(2)(a)(i) of Income Tax Act. The court held such income is integral to banking operations, not income from other sources, and therefore eligible for tax deduction. Revenue's challenge was dismissed. Case-Laws Income Tax Fri, 10 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462123