https://www.taxtmi.com/caselaws?id=281958 The Tribunal directed the Assessing Officer to reevaluate the issue of eligibility for a deduction under section 80P(2)(a)(i) of the Income Tax Act, 1961 for interest income earned on investments in cooperative banks and savings bank accounts. The Assessee's appeal was treated as allowed for statistical purposes, indicating partial success in challenging the denial of the deduction. The judgment underscores the importance of consistent application of legal principles and thorough review of facts in tax matters. en-us Fri, 07 Dec 2018 00:00:00 +0530 Sun, 14 Jul 2019 15:54:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281958 The Tribunal directed the Assessing Officer to reevaluate the issue of eligibility for a deduction under section 80P(2)(a)(i) of the Income Tax Act, 1961 for interest income earned on investments in cooperative banks and savings bank accounts. The Assessee's appeal was treated as allowed for statistical purposes, indicating partial success in challenging the denial of the deduction. The judgment underscores the importance of consistent application of legal principles and thorough review of facts in tax matters. Case-Laws Income Tax Fri, 07 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281958