https://www.taxtmi.com/caselaws?id=218644 The Tribunal granted relief to the assessee, allowing the deduction of income earned on investments in Government Securities as business income under section 80P(2)(a)(i) of the Income Tax Act, 1961. The Tribunal held that the ld. CIT(A) erred in disallowing the deduction, citing relevant precedents. Additionally, the Tribunal dismissed the Appellant's miscellaneous petition regarding a discrepancy in relief granted by the Revenue Officer, emphasizing that any grievance should be directed towards the AO's implementation of the Tribunal's decision. en-us Fri, 13 Jan 2012 00:00:00 +0530 Thu, 22 Nov 2012 07:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218644 The Tribunal granted relief to the assessee, allowing the deduction of income earned on investments in Government Securities as business income under section 80P(2)(a)(i) of the Income Tax Act, 1961. The Tribunal held that the ld. CIT(A) erred in disallowing the deduction, citing relevant precedents. Additionally, the Tribunal dismissed the Appellant's miscellaneous petition regarding a discrepancy in relief granted by the Revenue Officer, emphasizing that any grievance should be directed towards the AO's implementation of the Tribunal's decision. Case-Laws Income Tax Fri, 13 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218644