https://www.taxtmi.com/caselaws?id=331988 The Tribunal allowed the appeals, condoning the delay in filing and directing the Assessing Officer to grant the deduction under Section 80P(2)(a)(i) for interest income from fixed deposits with SBI. The decision was based on precedents distinguishing the treatment of interest income from operational funds versus surplus funds, following a division bench order and High Court judgments. The appeals were decided solely on this issue, with the Tribunal ruling in favor of the assessee on July 28, 2016. en-us Thu, 28 Jul 2016 00:00:00 +0530 Wed, 07 Sep 2016 11:41:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331988 The Tribunal allowed the appeals, condoning the delay in filing and directing the Assessing Officer to grant the deduction under Section 80P(2)(a)(i) for interest income from fixed deposits with SBI. The decision was based on precedents distinguishing the treatment of interest income from operational funds versus surplus funds, following a division bench order and High Court judgments. The appeals were decided solely on this issue, with the Tribunal ruling in favor of the assessee on July 28, 2016. Case-Laws Income Tax Thu, 28 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331988