S. 80P- DEDUCTION UNDER.
Last updated: 11 January 2008
Court :
SUPREME COURT
Brief :
A co-operative bank, carrying on business of banking, statutorily required to place a part of its fund in approved securities, income arising from such investment is deductible under section 80P .
Citation :
Commissioner of Income-tax
v.
Nawanshahar Central Co-operative Bank Ltd.
CIVIL APPEAL NOS. 2499 AND 2500 OF 2005
DECIDED ON 8-4- 2005
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kavita jain
Published in Income Tax
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