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2012 (9) TMI 404 - SCH - Income TaxEntitlement for deduction u/s 80P(2)(a)(i)- underwriting commission and interest on PSEB Bonds and IDBI Bonds - Held that:- As decided in CIT v. Nawanshahar Central Cooperative Bank Limited [2005 (8) TMI 28 - SUPREME COURT OF INDIA] Assessee-cooperative society carrying on business of banking statutorily required to place a part of its funds in approved securities, the income attributable thereto is deductible u/s 80P(2) - against revenue.
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