Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1985 (6) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1985 (6) TMI 3 - HC - Income TaxExtract: .......it. From the aforesaid discussion, we have reached the conclusion that the income from interest on securities derived by the assessee (bank) alone is exempt under section 80P of the Act and for the reasons given above, we answer the question referred to us in the affirmative. However, in the circumstances of the case, we pass no orders as to costs.
|