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Cooperative Bank's Interest Income from Treasury Deposits Qualifies for Deduction u/s 80P(2)(a)(i) of Income Tax Act.

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Full Text of the Document

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....Deduction u/s 80P - interest received on deposits with Sub Treasury - investment in treasury/banks and earning interest on the same is part of the banking activity of the assessee’s cooperative bank THUS said income is eligible for deduction u/s 80P(2)(a)(i)....

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