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High Court GUJARAT High Court Citation: 2000 (12) TMI 35 - GUJARAT High Court
Judges: D. M. DHARMADHIKARI, M. S. SHAH Appeals related to interest income of a bank on investments and deduction for expenses. Tribunal denied exemption under section 80P(2)(a)(i) of the Income-tax Act. Decision based on Gujarat State Co-operative Bank Ltd. v. CIT [2001] 250 ITR 229 (Guj). Question answered in favor of Revenue, appeals dismissed. Certificate granted for appeal to Supreme Court, ad interim relief extended until January 10, 2001.
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