Case Law Details
Case Name : ITO Vs Railway Employees Co-operative Credit Society Limited (ITAT Chennai)
Related Assessment Year : 2017-18
Courts :
All ITAT ITAT Chennai
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ITO Vs Railway Employees Co-operative Credit Society Limited (ITAT Chennai)
80P(2)(a)(i) deduction on bank interest upheld – Totgars distinguished; Revenue appeals dismissed – ITAT Chennai
In ITO vs Railway Employees Co-operative Credit Society Ltd. (A.Ys. 2017-18 & 2018-19), the AO denied deduction u/s 80P(2)(a)(i) on interest income of ₹6.72 crore earned from deposits with co-operative and commercial banks, treating it as “Income from Other Sources”. The C
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