https://www.taxtmi.com/caselaws?id=293207 The tribunal upheld the AO's implementation of the appellate order, allowing deductions under Section 80P(2)(a)(i) for interest income from jewel loans. The assessee's claim for deduction was deemed valid, with the tribunal emphasizing the correct computation of deductions based on net income. The tribunal found no fault in the AO's jurisdiction in computing deductions, dismissing the assessee's objections. Consequently, the Revenue's appeals were allowed, and the assessee's cross objections were dismissed in a decision pronounced on September 22, 2017, in Chennai. en-us Fri, 22 Sep 2017 00:00:00 +0530 Fri, 29 Jan 2021 19:27:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293207 The tribunal upheld the AO's implementation of the appellate order, allowing deductions under Section 80P(2)(a)(i) for interest income from jewel loans. The assessee's claim for deduction was deemed valid, with the tribunal emphasizing the correct computation of deductions based on net income. The tribunal found no fault in the AO's jurisdiction in computing deductions, dismissing the assessee's objections. Consequently, the Revenue's appeals were allowed, and the assessee's cross objections were dismissed in a decision pronounced on September 22, 2017, in Chennai. Case-Laws Income Tax Fri, 22 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293207