https://www.taxtmi.com/caselaws?id=285970 The tribunal partially allowed the assessee's appeal, permitting deductions for interest income from cooperative and nationalized banks under sections 80P(2)(d) and 80P(2)(c) of the Income Tax Act, 1961. The Revenue's appeal was dismissed due to revised monetary limits set by CBDT Circular No. 17 of 2019, which rendered the appeal not maintainable. The tribunal directed the Assessing Officer to verify the pre-rata/proportionate expenditure claim but dismissed the Revenue's appeal based on the revised threshold. en-us Fri, 29 Nov 2019 00:00:00 +0530 Wed, 05 Feb 2020 13:59:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285970 The tribunal partially allowed the assessee's appeal, permitting deductions for interest income from cooperative and nationalized banks under sections 80P(2)(d) and 80P(2)(c) of the Income Tax Act, 1961. The Revenue's appeal was dismissed due to revised monetary limits set by CBDT Circular No. 17 of 2019, which rendered the appeal not maintainable. The tribunal directed the Assessing Officer to verify the pre-rata/proportionate expenditure claim but dismissed the Revenue's appeal based on the revised threshold. Case-Laws Income Tax Fri, 29 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285970