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2016 (9) TMI 1659 - SC ORDERDeduction u/s 80P - interest received from employees who are not the members of the assessee-Society - As decided by HC [2016 (5) TMI 1153 - PUNJAB AND HARYANA HIGH COURT] even the interest earned from employees cannot be said to be core activity of the society and, therefore, in our opinion, interest earned from employees is not eligible for deduction u/s 80P(2)(a)(i) - HELD THAT:- Leave granted. Parties shall complete pleadings within eight weeks. No stay.
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