2010 (1) TMI 23

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....by the Additional Commissioner of Income Tax, Saharanpur, raising the following question of law : "(1) Whether on the facts and the circumstances of the case, the Tribunal is justified in holding that the interest earned by the Co-operative Bank on deposits of its non SLR funds qualify for deduction u/s 80 P(2)(a)(i) of I.T. Act, 1961 ?" We are of the opinion that the issue involved in the pre....