https://www.taxtmi.com/caselaws?id=409611 The Tribunal allowed the appeal of the assessee, directing the Assessing Officer to permit the deduction for dividend income from SBI mutual fund under section 80P(2) as the investment of surplus funds was considered part of banking business. Additionally, the Tribunal instructed the Assessing Officer to allow rectification of registration category for claiming TDS benefits, overturning the CIT(A)'s decision that no remedy existed for the registration mistake. en-us Thu, 08 Jul 2021 00:00:00 +0530 Tue, 13 Jul 2021 10:36:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409611 The Tribunal allowed the appeal of the assessee, directing the Assessing Officer to permit the deduction for dividend income from SBI mutual fund under section 80P(2) as the investment of surplus funds was considered part of banking business. Additionally, the Tribunal instructed the Assessing Officer to allow rectification of registration category for claiming TDS benefits, overturning the CIT(A)'s decision that no remedy existed for the registration mistake. Case-Laws Income Tax Thu, 08 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409611