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1998 (6) TMI 2 - SC - Income Tax
"Assessee" is a co-operative society engaged in banking business. For the assessment years 1977-78, 1978-79 and 1979-80, the assessee claimed deduction under section 80P(2)(a)(i) of the Income-tax Act, 1961, on the income by way of interest on Government securities and dividends on shares of the Industrial Financial Corporation - claim of special deduction is accepted