https://www.taxtmi.com/caselaws?id=278311 The tribunal overturned the decision denying deduction u/s.80P for interest income on Fixed Deposits, granting the deduction based on consistency with a previous ruling and the Supreme Court's decision. The tribunal emphasized adherence to legal precedents, ensuring the assessee received the entitled deduction. A consequential issue on interest u/s.234B was mentioned but did not affect the overall favorable outcome for the assessee. The decision highlighted the importance of legal principles, consistency, and fair treatment in tax matters, ultimately resulting in a just resolution for the assessee. en-us Tue, 13 Nov 2018 00:00:00 +0530 Thu, 24 Jan 2019 07:20:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278311 The tribunal overturned the decision denying deduction u/s.80P for interest income on Fixed Deposits, granting the deduction based on consistency with a previous ruling and the Supreme Court's decision. The tribunal emphasized adherence to legal precedents, ensuring the assessee received the entitled deduction. A consequential issue on interest u/s.234B was mentioned but did not affect the overall favorable outcome for the assessee. The decision highlighted the importance of legal principles, consistency, and fair treatment in tax matters, ultimately resulting in a just resolution for the assessee. Case-Laws Income Tax Tue, 13 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278311