https://www.taxtmi.com/caselaws?id=56468 The Tribunal upheld the order of the CIT(A) for assessment years 1990-91 and 1993-94, ruling in favor of the assessee. It held that income from investments by the cooperative bank was attributable to the business of banking and eligible for exemption under section 80P(2)(a)(i) of the Income Tax Act. The Tribunal noted that previous decisions cited by the Revenue had been overruled by higher courts, and the Special Bench decision supported the assessee's position. As a result, the Revenue's appeals were dismissed. en-us Sat, 26 Jun 2004 00:00:00 +0530 Fri, 03 Dec 2010 18:11:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56468 The Tribunal upheld the order of the CIT(A) for assessment years 1990-91 and 1993-94, ruling in favor of the assessee. It held that income from investments by the cooperative bank was attributable to the business of banking and eligible for exemption under section 80P(2)(a)(i) of the Income Tax Act. The Tribunal noted that previous decisions cited by the Revenue had been overruled by higher courts, and the Special Bench decision supported the assessee's position. As a result, the Revenue's appeals were dismissed. Case-Laws Income Tax Sat, 26 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56468