Deduction u/s 80P - Denying Section 80P deduction on parking of ...

Section 80P Deductions Denied for Interest from Private Banks and LIC Deposits, Limited to Nationalized Banks Only.

June 5, 2021

Case Laws Income Tax AT

Deduction u/s 80P - Denying Section 80P deduction on parking of surplus funds in private banks and the interest received from the LIC deposits involving varying sums - We find no merit in the assessee's stand since their lordships said decision applies in an instance of section 80P deduction on interest income derived from nationalised banks only. - AT

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Deduction u/s 80P - Denying Section 80P deduction on parking of ...

Section 80P Deductions Denied for Interest from Private Banks and LIC Deposits, Limited to Nationalized Banks Only.

June 5, 2021

Case Laws Income Tax AT

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