Bombay High Court Dismisses Revenue's Application in Co-operative Bank Deduction Case — Interest on Government Securities Earmarked Against Statutory Reserve Fund Held Eligible for Deduction Under Section 80P(2)(a)(i) of Income Tax Act, 1961. The court found no question of law arose as the ITAT's decision followed the Supreme Court's ruling in Madhya Pradesh Co-op. Bank Ltd. v. Addl. CIT.
16 Aug 2005The Commissioner of Income Tax, Mumbai City III, filed an application under section 256(2) of the Income Tax Act, 1961, against the Maharashtra State ...




