https://www.taxtmi.com/caselaws?id=266898 The Tribunal allowed the appeal, granting the deduction under Section 80P for interest income earned from private bank investments. It emphasized the need to consider the expenditure incurred to earn such income and adherence to principles of natural justice. The levy of interest under Section 234B/D was considered consequential and did not require further adjudication. The Tribunal set aside the orders of the lower authorities in favor of the assessee. en-us Thu, 24 Sep 2015 00:00:00 +0530 Tue, 27 Oct 2015 08:26:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266898 The Tribunal allowed the appeal, granting the deduction under Section 80P for interest income earned from private bank investments. It emphasized the need to consider the expenditure incurred to earn such income and adherence to principles of natural justice. The levy of interest under Section 234B/D was considered consequential and did not require further adjudication. The Tribunal set aside the orders of the lower authorities in favor of the assessee. Case-Laws Income Tax Thu, 24 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266898