No denial of Sec. 80P relief if no deduction in respect of interest earned on FDs was claimed

IT: Where assessee, a co-operative credit society, was engaged in business of providing credit facilities exclusively to its members and had received interest on surplus fund parked with other societies and bank, and Assessing Officer observed that wrong claim of deduction under section 80P(2) was made in respect of interest income received from nationalized banks as interest income earned from other than co-operative societies are not eligible for deduction under section 80P

from www.taxmann.com Latest Case Laws http://bit.ly/2BiXHRZ