The Calcutta High Court has allowed a deduction to other interest income apart from 10% net profit transferred to a reserved fund. The High court of Calcutta allowed the appeal filed by the Principal Commissioner of Income Tax against the Electro Urban Credit Co-operative Society Limited, engaged in a business of banking and providing credit […]
The post Calcutta HC allows Deduction to Other Interest Income apart from 10% Net Profit Transferred to a Reserved Fund appeared first on Taxscan | Simplifying Tax Laws.
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