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2019 (1) TMI 1010 - AT - Income TaxDeduction u/s 80P(2)(a)(i) - interest income received by the assessee on investments made with Sub-Treasuries, Banks etc. - Held that:- Appeals is squarely covered in favour of the assessee by the consolidated order of the Cochin Bench of the Tribunal, in assessee’s own case [2018 (9) TMI 1463 - ITAT COCHIN] in the instant case the assessee had made investments with sub-treasuries and banks in the course of its business of banking / providing credit facilities to its members. Therefore, it was entitled to deduction u/s 80P(2)(a)(i) in respect of interest income that was received on such investments. It is ordered accordingly. - decided in favour of assessee.
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