Court Allows Deduction u/s 80P(2)(a)(i) for Depositing Idle Funds in Banks Due to Lack of Borrowers.

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....Eligibility of deduction u/s.80P(2)(a)(i) - when there were no takers for the money, which assessee as a part of its objects wanted to lend, the only available choice for assessee, in order not to keep the funds idle, was to place it in banks for earning interest - deduction allowed - AT....