https://www.taxtmi.com/caselaws?id=359682 The Tribunal allowed the appeals for A.Y. 2010-2011 and A.Y. 2011-2012, setting aside the lower authorities' orders and deleting the entire addition. It held that the deduction under section 80P should not have been refused, emphasizing the rule of consistency. The Tribunal found the assessee eligible for the deduction as its income from interest on FDR and saving bank interest qualified under section 80P(2)(a)(i) and 80P(2)(d). The decision was supported by the Tribunal's previous ruling for A.Y. 2008-2009 and the cooperative nature of the bank involved. en-us Thu, 26 Apr 2018 00:00:00 +0530 Thu, 03 May 2018 06:35:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359682 The Tribunal allowed the appeals for A.Y. 2010-2011 and A.Y. 2011-2012, setting aside the lower authorities' orders and deleting the entire addition. It held that the deduction under section 80P should not have been refused, emphasizing the rule of consistency. The Tribunal found the assessee eligible for the deduction as its income from interest on FDR and saving bank interest qualified under section 80P(2)(a)(i) and 80P(2)(d). The decision was supported by the Tribunal's previous ruling for A.Y. 2008-2009 and the cooperative nature of the bank involved. Case-Laws Income Tax Thu, 26 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359682