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Cooperative Bank's Interest Income from RBI or SBI Investments Exempt u/s 80P(2)(a)(i) of Income Tax Act.

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....Claim of exemption u/s 80P (2) - interest derived by a Cooperative Bank from investment of funds with RBI or SBI is exempt u/s 80P (a) (i) irrespective of the fact that investment is made out of the reserve funds or working capital. - HC....

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