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2017 (5) TMI 538 - DELHI HIGH COURTEligible for deduction under Section 80P - interest income earned on deposits made in commercial banks and interest earned on deposits made in cooperative banks - Held that:- The assessee is entitled to claim proportionate or suitable expenditure with respect to the income earned out of the non-exempt income i.e. interest earned from commercial banks. The AO shall carry out the necessary consequential exercise. The appeals are allowed in the above terms.
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