https://www.taxtmi.com/caselaws?id=181978 The Tribunal upheld the CIT(A)'s decisions allowing deductions under section 80P(2)(a)(i) for interest on surplus funds and provisions for Non-Performing Assets. The Tribunal also upheld the deletion of addition made under section 14A. However, the issue of allowance of interest on General Provident Fund was remitted back to the Assessing Officer for further consideration to ensure compliance with Rule 46A of the I.T. Rules. The appeal of the Revenue was dismissed overall. en-us Thu, 09 Dec 2010 00:00:00 +0530 Thu, 28 Apr 2016 18:29:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181978 The Tribunal upheld the CIT(A)'s decisions allowing deductions under section 80P(2)(a)(i) for interest on surplus funds and provisions for Non-Performing Assets. The Tribunal also upheld the deletion of addition made under section 14A. However, the issue of allowance of interest on General Provident Fund was remitted back to the Assessing Officer for further consideration to ensure compliance with Rule 46A of the I.T. Rules. The appeal of the Revenue was dismissed overall. Case-Laws Income Tax Thu, 09 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181978