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2006 (7) TMI 241 - ITAT ALLAHABADExtract: .......nk has earned interest from other co-op. bank on IVP/KVP or on investment in other banks and bonds from Government Securities on reserve funds investments and from hiring of safe deposit vaults. They are all part of banking business and hence are entitled for deduction under section 80P(2)(a)(i). 16. As a result, appeal of the revenue is dismissed.
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