Section 256

Sec. 80P(2)(a)(i), Section 256, Section 80P

Bombay H.C : Whether, on the facts and in the circumstances of the case, the Tribunal was justified in holding that the interest on Government securities earmarked for statutory reserve fund was a part of banking business and accordingly the assessee is eligible for deduction under s. 80P(2)(a)(i) of the IT Act, 1961 ?

High Court Of Bombay CIT vs. Maharashtra State Cooperative Bank Ltd. Sections 80P(2)(a)(i), 256(2) Asst. Year 1992-93 V.C. Daga &

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