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2016 (6) TMI 166 - AT - Income TaxEligibility to deduction u/s. 80P(2)(a)(i) on interest income - Held that:- Respectfully following the decision of Hon'ble Supreme Court in the case of Totgars Co-op Sale Society Ltd. (2010 (2) TMI 3 - SUPREME COURT ) and taking down the fact that interest income in the present case is identical to the interest income received by the assessee in the decision referred to above. We hold that the assessee is entitled to deduction u/s 80P(2)(a)(i) of the Act in respect of the interest income. In this view of the matter, we reverse the order of Ld. CIT(A) - Decided in favour of assessee
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