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2015 (4) TMI 1237 - ITAT CHANDIGARHEntitle to deduction u/s 80P(2)(d) against the gross interest income by applying the provisions of section 14-A read with rule 8D - Held that:- As decided in assessee's own case in assessment year 2010-11 we decide this issue principally against the assessee. However, the Assessing Officer should re-compute the disallowance after verifying the calculation of disallowance u/s 14A read with Rule 8D after verification of the figures submitted by the Assessee. Not allowing deduction u/s 80P(2)(c) - Held that:- After considering the rival submissions we find that though some submissions have been made but no evidence was brought before us to show that activities of the society was not within the activities mentioned in section 80P(2)(a) & (b), therefore, we find nothing wrong with the order of Ld. CIT(A) and confirm the same.
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