https://www.taxtmi.com/caselaws?id=398894 The Appellate Tribunal condoned a 196-day delay in filing the appeal due to genuine reasons. The dispute centered on whether interest and dividend income from a Co-operative Bank qualified for deduction under section 80P2(d) of the Income Tax Act. The Tribunal held that such income was not eligible for deduction as it differed from that of a Co-operative Society. The Assessing Officer's failure to adequately investigate the claim and lack of discussion in the assessment order supported the Principal Commissioner's decision. Consequently, the Tribunal upheld the Principal Commissioner's ruling, dismissing the appeal. en-us Thu, 24 Sep 2020 00:00:00 +0530 Sat, 26 Sep 2020 13:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398894 The Appellate Tribunal condoned a 196-day delay in filing the appeal due to genuine reasons. The dispute centered on whether interest and dividend income from a Co-operative Bank qualified for deduction under section 80P2(d) of the Income Tax Act. The Tribunal held that such income was not eligible for deduction as it differed from that of a Co-operative Society. The Assessing Officer's failure to adequately investigate the claim and lack of discussion in the assessment order supported the Principal Commissioner's decision. Consequently, the Tribunal upheld the Principal Commissioner's ruling, dismissing the appeal. Case-Laws Income Tax Thu, 24 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398894