No sec. 263 revision as allowing Sec. 80P deduction on gross interest received is one of possible view: ITAT

INCOME-TAX : Assessee, a cooperative society, is eligible for deduction under section 80(P)(2) in respect of gross interest received from cooperative bank without adjusting interest paid to said bank.INCOME-TAX : Assessee, a cooperative society, is eligible for deduction under section 80(P)(2) in respect of gross interest received from cooperative bank without adjusting interest paid to said bank.www.taxmann.com Latest Case LawsRead More

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