https://www.taxtmi.com/caselaws?id=413557 Gratuity fund contribution required fresh consideration because approval of the fund was pending and the effective date of approval needed determination by the competent income-tax authority; the matter was remitted for reconsideration. Dividend income earned by a co-operative bank from the Uttar Pradesh Co-operative Federation was held not deductible under section 80P, as the statutory bar in section 80P(4) applied; the disallowance was upheld. Interest-related addition on alleged NPA assets also required fresh adjudication because the record lacked sufficient evidence of NPA classification under RBI norms; that issue was remitted for further factual examination. en-us Thu, 30 Sep 2021 00:00:00 +0530 Thu, 14 Oct 2021 09:14:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413557 Gratuity fund contribution required fresh consideration because approval of the fund was pending and the effective date of approval needed determination by the competent income-tax authority; the matter was remitted for reconsideration. Dividend income earned by a co-operative bank from the Uttar Pradesh Co-operative Federation was held not deductible under section 80P, as the statutory bar in section 80P(4) applied; the disallowance was upheld. Interest-related addition on alleged NPA assets also required fresh adjudication because the record lacked sufficient evidence of NPA classification under RBI norms; that issue was remitted for further factual examination. Case-Laws Income Tax Thu, 30 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413557