https://www.taxtmi.com/caselaws?id=361036 The appeal challenging the order under section 263 of the Income Tax Act was dismissed. The eligibility of the assessee for deduction u/s.80P(2)(a)(i) was denied due to being classified as a cooperative bank, thus excluded from the deduction. The disallowance of professional fees and employee's contribution was upheld, with directions for verification of compliance with TDS provisions. The judgment affirmed the Pr. CIT's decision on all issues, setting aside the order under section 143(3) for a fresh assessment. en-us Thu, 24 May 2018 00:00:00 +0530 Mon, 28 May 2018 10:41:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361036 The appeal challenging the order under section 263 of the Income Tax Act was dismissed. The eligibility of the assessee for deduction u/s.80P(2)(a)(i) was denied due to being classified as a cooperative bank, thus excluded from the deduction. The disallowance of professional fees and employee's contribution was upheld, with directions for verification of compliance with TDS provisions. The judgment affirmed the Pr. CIT's decision on all issues, setting aside the order under section 143(3) for a fresh assessment. Case-Laws Income Tax Thu, 24 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361036