https://www.taxtmi.com/caselaws?id=410574 The Appellate Tribunal ITAT Mumbai allowed the appeal filed by the assessee, holding that the revision under section 263 was not justified. The Tribunal found that the issue of claiming interest on bank deposits by Co-operative Societies had been settled in favor of the assessee by previous court decisions. Therefore, the Tribunal set aside the order passed under section 263, ruling in favor of the assessee. en-us Mon, 12 Jul 2021 00:00:00 +0530 Thu, 05 Aug 2021 08:43:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410574 The Appellate Tribunal ITAT Mumbai allowed the appeal filed by the assessee, holding that the revision under section 263 was not justified. The Tribunal found that the issue of claiming interest on bank deposits by Co-operative Societies had been settled in favor of the assessee by previous court decisions. Therefore, the Tribunal set aside the order passed under section 263, ruling in favor of the assessee. Case-Laws Income Tax Mon, 12 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410574