https://www.taxtmi.com/caselaws?id=58575 Rental income from buildings acquired and used by a co-operative bank in its banking operations was analysed as business income where the properties served branch and office needs and any letting was merely incidental. On that commercial basis, the receipts were treated as falling within the banking-business exemption under section 80P(2)(a)(i). The text also notes that, alternatively, if the income were not covered by clause (a)(i), it would still be capable of exemption under the broader residual language of section 80P(2)(c) for co-operative society income. en-us Fri, 30 Nov 1984 00:00:00 +0530 Mon, 20 Dec 2010 16:54:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58575 Rental income from buildings acquired and used by a co-operative bank in its banking operations was analysed as business income where the properties served branch and office needs and any letting was merely incidental. On that commercial basis, the receipts were treated as falling within the banking-business exemption under section 80P(2)(a)(i). The text also notes that, alternatively, if the income were not covered by clause (a)(i), it would still be capable of exemption under the broader residual language of section 80P(2)(c) for co-operative society income. Case-Laws Income Tax Fri, 30 Nov 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58575