https://www.taxtmi.com/caselaws?id=247347 The ITAT upheld the CIT(A)'s decision, dismissing the Revenue's appeal and affirming the assessee's eligibility for deduction under Section 80-O on net profit, excluding the interest income component. The ITAT clarified that the CIT(A) could not enhance the deduction without proper notice and restored the matter to the Assessing Officer for reevaluation. en-us Wed, 30 Apr 2014 00:00:00 +0530 Sun, 25 May 2014 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247347 The ITAT upheld the CIT(A)'s decision, dismissing the Revenue's appeal and affirming the assessee's eligibility for deduction under Section 80-O on net profit, excluding the interest income component. The ITAT clarified that the CIT(A) could not enhance the deduction without proper notice and restored the matter to the Assessing Officer for reevaluation. Case-Laws Income Tax Wed, 30 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247347