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Income Tax - Highlights / Catch Notes

Home Highlights January 2012 Year 2012 This

Deduction u/s 80P - Since assessee is not in the banking ...


Assessee not in banking business can't claim deduction u/s 80P(2)(a)(i) for income from investments.

January 9, 2012

Case Laws     Income Tax     AT

Deduction u/s 80P - Since assessee is not in the banking business therefore, income on investments cannot be allowed as a deduction under section 80P(2)(a)(i).... - AT

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