https://www.taxtmi.com/caselaws?id=380966 The Tribunal allowed the appeal, permitting the deduction under section 80IB for interest earned on fixed deposits and allowing the setting off of such interest against the bank's interest on the OD account. The Tribunal emphasized consistency and supported its decision with bank statements. The assessment's validity due to notice under section 143(2) not being issued within the limitation period was not specifically addressed. The issue of charging interest under sections 234D and 244A was considered consequential without detailed findings. The decision was rendered on May 29, 2019, by the Tribunal comprising Vice President Shri G.D. Agrawal and Judicial Member Shri Kuldip Singh. en-us Wed, 29 May 2019 00:00:00 +0530 Fri, 31 May 2019 11:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380966 The Tribunal allowed the appeal, permitting the deduction under section 80IB for interest earned on fixed deposits and allowing the setting off of such interest against the bank's interest on the OD account. The Tribunal emphasized consistency and supported its decision with bank statements. The assessment's validity due to notice under section 143(2) not being issued within the limitation period was not specifically addressed. The issue of charging interest under sections 234D and 244A was considered consequential without detailed findings. The decision was rendered on May 29, 2019, by the Tribunal comprising Vice President Shri G.D. Agrawal and Judicial Member Shri Kuldip Singh. Case-Laws Income Tax Wed, 29 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380966