Case Law Details
Case Name : ITO Vs Utkranti Nagri Sahakari Pat Sanstha (ITAT Nagpur)
Related Assessment Year : 2010-11
Courts :
All ITAT ITAT Nagpur
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
ITO Vs Utkranti Nagri Sahakari Pat Sanstha (ITAT Nagpur)
Assessee society is maintaining operational funds and to meet any eventuality towards repayment of deposit the cooperative society is maintaining some liquidated funds as short term deposits with banks. Hence adhering to the doctrin stair desises, we hold that the assessee should be granted benefit of deduction under section 80P(2)(a)(i). Accordingly, the interest on deposits would qualify for deduction under the said section.
Surplus funds not immediately requi
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.