Case Law Details
Case Name : Ghatal Co-operative Agriculture And Rural Development Bank Ltd. Vs ACIT (ITAT Kolkata)
Related Assessment Year : 2014-15
Courts :
All ITAT ITAT Kolkata
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Ghatal Co-operative Agriculture And Rural Development Bank Ltd. Vs ACIT (ITAT Kolkata)
Interest from staff welfare fund, interest income from staff loan, charges for closing flexi account and fine against non-payment of R/D amount due in time are eligible for deduction u/s 80P(2)(a)(i).
Assessee has claimed deduction of interest from staff welfare fund and interest income from staff loan totaling of Rs. 98971/- and also had earned miscellaneous income for Rs. 85047/- which represent amounts received from members for giving various services i.e. charges for closing flexi account, fine against n...
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