https://www.taxtmi.com/caselaws?id=410088 The Tribunal allowed both appeals for statistical purposes, directing the Assessing Officer to reconsider the deductions for interest income and commission income based on legal interpretations provided in the judgments cited during the proceedings. The Tribunal set aside the CIT(A)'s order and directed the AO to allow proportionate expenses against interest income from deposits with co-operative banks, and to determine profits and gains attributable to commission income on e-stamps for granting the deduction under sec. 80P(2)(c). en-us Fri, 23 Apr 2021 00:00:00 +0530 Sat, 24 Jul 2021 09:13:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410088 The Tribunal allowed both appeals for statistical purposes, directing the Assessing Officer to reconsider the deductions for interest income and commission income based on legal interpretations provided in the judgments cited during the proceedings. The Tribunal set aside the CIT(A)'s order and directed the AO to allow proportionate expenses against interest income from deposits with co-operative banks, and to determine profits and gains attributable to commission income on e-stamps for granting the deduction under sec. 80P(2)(c). Case-Laws Income Tax Fri, 23 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410088