https://www.taxtmi.com/caselaws?id=176682 The Tribunal ruled in favor of the assessee, allowing the appeal regarding the eligibility of interest income for deduction under section 80P(2)(a)(i) of the Income Tax Act. The Tribunal emphasized the principle of consistency and distinguished the case from previous judgments, holding that the interest income from investments of idle funds qualified for exemption. The Tribunal set aside the orders of the Assessing Officer and Commissioner of Income Tax (Appeals), deciding the issue in favor of the assessee. en-us Thu, 30 Oct 2014 00:00:00 +0530 Mon, 28 Dec 2015 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176682 The Tribunal ruled in favor of the assessee, allowing the appeal regarding the eligibility of interest income for deduction under section 80P(2)(a)(i) of the Income Tax Act. The Tribunal emphasized the principle of consistency and distinguished the case from previous judgments, holding that the interest income from investments of idle funds qualified for exemption. The Tribunal set aside the orders of the Assessing Officer and Commissioner of Income Tax (Appeals), deciding the issue in favor of the assessee. Case-Laws Income Tax Thu, 30 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176682