https://www.taxtmi.com/caselaws?id=280689 The Tribunal condoned the delay in filing appeals, allowing them for adjudication. Regarding the deduction claimed under section 80P(2)(a)(i) of the Income-Tax Act, the Tribunal directed the issue to be reconsidered by the Assessing Officer due to conflicting High Court decisions. The Tribunal analyzed legal precedents to determine the nature of interest income and its eligibility for deduction. Emphasizing the need to review relevant judicial pronouncements, the Tribunal restored the issue to the Assessing Officer for a fresh decision, allowing the Assessee's appeals for statistical purposes. en-us Fri, 25 Jan 2019 00:00:00 +0530 Fri, 17 May 2019 07:40:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280689 The Tribunal condoned the delay in filing appeals, allowing them for adjudication. Regarding the deduction claimed under section 80P(2)(a)(i) of the Income-Tax Act, the Tribunal directed the issue to be reconsidered by the Assessing Officer due to conflicting High Court decisions. The Tribunal analyzed legal precedents to determine the nature of interest income and its eligibility for deduction. Emphasizing the need to review relevant judicial pronouncements, the Tribunal restored the issue to the Assessing Officer for a fresh decision, allowing the Assessee's appeals for statistical purposes. Case-Laws Income Tax Fri, 25 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280689