https://www.taxtmi.com/caselaws?id=469013 A co-operative bank's deductions under section 80P were examined in relation to provisions for gratuity, leave encashment paid before the return filing date, and bad and doubtful debts, which were treated as part of the eligible income and the disallowance was held unsustainable. Interest earned on non-SLR funds deployed from banking resources was also regarded as attributable to the banking business, because surplus or idle funds formed part of the bank's circulating capital, and the interest was treated as business income eligible for deduction under section 80P(2)(a)(i). The assessee's claim was therefore accepted on both issues. en-us Mon, 31 Mar 2014 00:00:00 +0530 Fri, 29 May 2026 18:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469013 A co-operative bank's deductions under section 80P were examined in relation to provisions for gratuity, leave encashment paid before the return filing date, and bad and doubtful debts, which were treated as part of the eligible income and the disallowance was held unsustainable. Interest earned on non-SLR funds deployed from banking resources was also regarded as attributable to the banking business, because surplus or idle funds formed part of the bank's circulating capital, and the interest was treated as business income eligible for deduction under section 80P(2)(a)(i). The assessee's claim was therefore accepted on both issues. Case-Laws Income Tax Mon, 31 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469013