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Income Tax - Highlights / Catch Notes

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Disallowance of deduction u/s 80P(2)(i) - addition of gross ...


Deduction Disallowed u/s 80P(2)(i) for Interest Income; Rs. 50,000 Deduction Allowed u/s 57.

March 30, 2016

Case Laws     Income Tax     AT

Disallowance of deduction u/s 80P(2)(i) - addition of gross interest income treating interest received from banks and govt. securities as income from other sources u/s 56 - the assessee is eligible for deduction of ₹ 50,000/- under section 57 - AT

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