https://www.taxtmi.com/caselaws?id=221335 The High Court dismissed the appeal filed against the ITAT's decision regarding relief under Section 154 and disallowance of deductions under Section 80P. The court upheld the ITAT's rulings, stating that challenging the assumption of jurisdiction under Section 147 through rectification was impermissible. Additionally, the disallowance of deductions on interest earned from surplus reserves and voluntary reserves was also upheld, citing previous Tribunal decisions and Supreme Court rulings. The High Court found no substantial question of law, leading to the dismissal of the appeal. en-us Tue, 19 Feb 2013 00:00:00 +0530 Sat, 02 Mar 2013 16:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221335 The High Court dismissed the appeal filed against the ITAT's decision regarding relief under Section 154 and disallowance of deductions under Section 80P. The court upheld the ITAT's rulings, stating that challenging the assumption of jurisdiction under Section 147 through rectification was impermissible. Additionally, the disallowance of deductions on interest earned from surplus reserves and voluntary reserves was also upheld, citing previous Tribunal decisions and Supreme Court rulings. The High Court found no substantial question of law, leading to the dismissal of the appeal. Case-Laws Income Tax Tue, 19 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221335