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2016 (2) TMI 491 - AT - Income TaxExemption under section 80P as interest from schedule bank denied - Held that:- As consistently, it has been held that the interest income earned by a credit co-operative society on the FDRs. with nationalized bank would qualify for grant of exemption under section 80P(2) of the Income Tax Act. Thus allow the appeal of the assessee and direct the AO to grant exemption to the assessee. - Decided in favour of assessee
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