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2015 (2) TMI 1132 - AT - Income TaxClaim of deduction u/s.80P(2)(a)(i) denied - interest income earned by the assessee on deposits made out of surplus funds - Held that:- As in M/s Guttigedarara Credit Co-Operative Society Ltd. Versus The Income Tax Officer [2015 (7) TMI 874 - KARNATAKA HIGH COURT] interest income earned by a Credit Co-operative Society on deposits of surplus funds with scheduled bank would qualify for deduction u/s.80P(2)(a)(i) of the Income Tax Act - Decided in favour of assessee
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