https://www.taxtmi.com/caselaws?id=67563 The Tribunal partially allowed the assessee's appeals and dismissed the department's appeals. The Tribunal held that the Inspecting Assistant Commissioner's jurisdiction under section 144B is limited to issues raised by the assessee. It also determined that income from investments related to banking business is exempt under section 80P(2)(a)(i) and that certain income sources are not attributable to banking business but may qualify for exemption under section 80P(2)(c) or 80P(2)(d). en-us Mon, 30 Jun 1986 00:00:00 +0530 Fri, 11 Mar 2011 12:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67563 The Tribunal partially allowed the assessee's appeals and dismissed the department's appeals. The Tribunal held that the Inspecting Assistant Commissioner's jurisdiction under section 144B is limited to issues raised by the assessee. It also determined that income from investments related to banking business is exempt under section 80P(2)(a)(i) and that certain income sources are not attributable to banking business but may qualify for exemption under section 80P(2)(c) or 80P(2)(d). Case-Laws Income Tax Mon, 30 Jun 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67563