Appeals allowed for multiple assessment years emphasizing procedural fairness and legal grounds

The Tribunal allowed the appeals for the assessment years 2013-14, 2014-15, and 2016-17, and allowed the appeal for the A.Y. 2017-18 for statistical purposes. The judgment emphasized procedural fairness and adherence to legal grounds in assessment proceedings.

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Issues involved: Delay in filing appeals for assessment years 2013-14, 2014-15, 2016-17, and 2017-18, denial of deduction u/s.80P(2)(a)(i) on interest income, addition of cash deposits in bank accounts, and estimation of income.

ITA No.310/PUN/2023 - A.Y. 2013-14:
The assessee contested the denial of deduction u/s.80P on interest income by the Assessing Officer. The re-assessment proceedings were initiated based on cash deposits, but the AO eventually denied the deduction unrelated to the initial grounds. Citing legal precedent, the Tribunal ruled the addition lacked legality and directed its deletion.

ITA Nos. 309 and 308/PUN/2023 - A.Yrs. 2014-15 and 2016-17:
Similar to the A.Y. 2013-14, the AO initiated re-assessment for cash deposits but reduced the deduction u/s.80P on interest income without making any additions related to the initial grounds. Following the previous ruling, the Tribunal ordered the deletion of these additions for both years.

ITA No.333/PUN/2023 - A.Y. 2017-18:
The appeal contested additions of cash deposits and estimated income. The AO passed an ex parte order, disregarding the assessee's submissions. The Tribunal found procedural errors and remitted the matter back to the AO for fresh assessment, ensuring the assessee's right to a fair hearing.

In conclusion, the Tribunal allowed the appeals for the assessment years 2013-14, 2014-15, and 2016-17, and allowed the appeal for the A.Y. 2017-18 for statistical purposes. The judgment emphasized procedural fairness and adherence to legal grounds in assessment proceedings.

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