https://www.taxtmi.com/caselaws?id=469014 Gratuity paid before filing the return was treated as deductible for computing income eligible for relief under section 80P, because the relevant amount formed part of the co-operative society's gross total income and the disallowance did not reduce the relief base. Interest earned by a co-operative bank on deployment of surplus non-SLR funds was also held attributable to banking business and therefore deductible under section 80P(2)(a)(i), with no material distinction drawn between SLR and non-SLR funds for this purpose. The commentary states that both issues were resolved in favour of the assessee. 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=469014 Gratuity paid before filing the return was treated as deductible for computing income eligible for relief under section 80P, because the relevant amount formed part of the co-operative society's gross total income and the disallowance did not reduce the relief base. Interest earned by a co-operative bank on deployment of surplus non-SLR funds was also held attributable to banking business and therefore deductible under section 80P(2)(a)(i), with no material distinction drawn between SLR and non-SLR funds for this purpose. The commentary states that both issues were resolved in favour of the assessee. Case-Laws Income Tax Mon, 31 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469014