Rs. In Bank FDRs Rs.
Central Bank of 2,23,94,360 3,08,10,070 84,15,710
India
IDBI Bank 2,87,115 3,86,786 99,671
Axis Bank 80,919 1,12,889 31,970
Total Rs. 2,27,62,394 3,13,09,745 85,47,351
11. Aforesaid data shown in the table goes to prove that by
parking its fund with the nationalized bank the assessee is
continuously suffering losses, which further goes to prove that the
funds are being parked with the banks to comply with the
mandatory provisions contained under cooperative society Act and
Rules framed thereunder, thus the bank interest is attributable to the
business income is allowable under section 80P(2)(a)(i) of the Act.
