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2018 (4) TMI 1178 - AT - Income TaxBenefit of deduction u/s 80P2)(a)(i) - interest received on deposits with Sub-Treasuries - whether interest received on investments with sub-treasury is liable to be assessed under the head ‘income from other sources’ or ‘income from business’ - Held that:- In view of the decision of the co-ordinate Bench of the Tribunal in the case of The Padne Service Co-operative Bank Ltd. (2018 (1) TMI 602 - ITAT COCHIN), we hold that the CIT(A) is justified in directing the A.O. to grant the benefit of deduction u/s 80P(2) of the I.T.Act in respect of interest income - Decided in favour of assessee.
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