2016 (10) TMI 1262

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....P.S.SREEPRASAD FOR THE RESPONDENT : SRI.P.K.R.MENON,SR.COUNSEL, GOI (TAXES) JUDGMENT Thottathil B.Radhakrishnan, J. 1.We have heard the learned counsel for the appellants/assessees and the learned Senior standing counsel for the Income Tax Department, in all the three appeals. 2.Learned counsel for the appellants submits that the issue relatable to the applicability of Section 80P o....

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....hether interest derived by the society is income from other sources, we are of the view that it is necessary that the Tribunal re-considers all the issues arising for decision in these appeals, in particular, the applicability of circular No.18/2015 dated 02.11.2015 and the question of applicability of the ratio of the decision in Chirakkal Service Co-operative Bank Limited (supra) as to the effec....