https://www.taxtmi.com/caselaws?id=389570 The ITAT affirmed the decision of Ld CIT(A) in dismissing the appeal, upholding the debatable nature of the deduction claim under section 80P(2)(d) of the Act. The dispute arose from the denial of eligible deduction for interest income earned by a cooperative society from deposits in cooperative banks, leading to a series of legal actions including a rectification petition under section 154. Despite partial allowance of the appeal by Ld CIT(A) for rectification of the quantum of addition, the debatability of the deduction claim ultimately resulted in the appeal's dismissal by the ITAT. en-us Tue, 03 Dec 2019 00:00:00 +0530 Wed, 11 Dec 2019 14:29:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389570 The ITAT affirmed the decision of Ld CIT(A) in dismissing the appeal, upholding the debatable nature of the deduction claim under section 80P(2)(d) of the Act. The dispute arose from the denial of eligible deduction for interest income earned by a cooperative society from deposits in cooperative banks, leading to a series of legal actions including a rectification petition under section 154. Despite partial allowance of the appeal by Ld CIT(A) for rectification of the quantum of addition, the debatability of the deduction claim ultimately resulted in the appeal's dismissal by the ITAT. Case-Laws Income Tax Tue, 03 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389570