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2012 (5) TMI 87 - HIMACHAL PRADESH HIGH COURTClaim to deduction under Section 80P(2)(a)(i) on interest earned on deposits made out of the non-SLR funds , especially since the income so earned cannot be said to be earned from the normal banking business/activities – Held that:- Decided by the Division Bench of this Court in Commissioner of Income Tax vs. M/s H.P. State Cooperative Bank Ltd (2009 - TMI - 201840 - HIMACHAL PRADESH HIGH COURT) held that interest on the deposits made by the Bank is directly attributable to the business of the banking - Deduction allowed – against revenue.
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