https://www.taxtmi.com/caselaws?id=401791 The Tribunal remanded the case to the Assessing Officer for a fresh examination of loan disbursements to determine eligibility for deduction under section 80P(2) of the I.T. Act. The Tribunal followed the precedent set by the Full Bench of the Kerala High Court, emphasizing a detailed assessment of loan purposes. The appeals were allowed for statistical purposes, and the stay applications were dismissed, with the Tribunal urging the assessee to cooperate during the reassessment process. en-us Tue, 20 Oct 2020 00:00:00 +0530 Mon, 04 Nov 2024 12:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401791 The Tribunal remanded the case to the Assessing Officer for a fresh examination of loan disbursements to determine eligibility for deduction under section 80P(2) of the I.T. Act. The Tribunal followed the precedent set by the Full Bench of the Kerala High Court, emphasizing a detailed assessment of loan purposes. The appeals were allowed for statistical purposes, and the stay applications were dismissed, with the Tribunal urging the assessee to cooperate during the reassessment process. Case-Laws Income Tax Tue, 20 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401791