https://www.taxtmi.com/caselaws?id=280802 The High Court dismissed the Revenue's appeal against the Order of the Income Tax Appellate Tribunal, Visakhapatnam Bench, which had set aside the Commissioner of Income Tax (Appeals) Order for the assessment year 2008-2009. The appeal related to the disallowance of overdue interest. The respondent-assessee's entitlement to exemption under Section 80P(2) of the Income Tax Act, as established in a previous Court order, was pivotal. Given this entitlement, the High Court found the question of overdue interest deduction irrelevant, leading to the dismissal of the appeal. en-us Tue, 21 Nov 2017 00:00:00 +0530 Wed, 22 May 2019 06:17:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280802 The High Court dismissed the Revenue's appeal against the Order of the Income Tax Appellate Tribunal, Visakhapatnam Bench, which had set aside the Commissioner of Income Tax (Appeals) Order for the assessment year 2008-2009. The appeal related to the disallowance of overdue interest. The respondent-assessee's entitlement to exemption under Section 80P(2) of the Income Tax Act, as established in a previous Court order, was pivotal. Given this entitlement, the High Court found the question of overdue interest deduction irrelevant, leading to the dismissal of the appeal. Case-Laws Income Tax Tue, 21 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280802