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    Income Tax

    The person or body corporate from which such interest income is...

    Interest income from individuals or corporations is not business income, thus not deductible u/s 80P.

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    Income TaxJuly 31, 2017Case LawsHC

    The person or body corporate from which such interest income is received will not change its character, viz. interest income not arising from its business operations, which made it ineligible for deduction under Section 80P - HC

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