https://www.taxtmi.com/caselaws?id=415640 The Tribunal allowed the appeals against CIT(A) orders for Assessment Years 2013-14 & 2014-15 regarding the addition of interest income from a nationalized bank under Section 80P(2)(a)(i). Due to lack of clear disclosure and transparency in the exclusion calculation by the Assessing Officer, the Tribunal remitted the issues for re-adjudication. The Assessing Officer was directed to reconsider the matter in line with the Gujarat High Court judgment and Section 80P(2)(d), emphasizing the need for precise figures and adherence to legal provisions for a fair assessment process. en-us Thu, 02 Dec 2021 00:00:00 +0530 Fri, 10 Dec 2021 08:38:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415640 The Tribunal allowed the appeals against CIT(A) orders for Assessment Years 2013-14 & 2014-15 regarding the addition of interest income from a nationalized bank under Section 80P(2)(a)(i). Due to lack of clear disclosure and transparency in the exclusion calculation by the Assessing Officer, the Tribunal remitted the issues for re-adjudication. The Assessing Officer was directed to reconsider the matter in line with the Gujarat High Court judgment and Section 80P(2)(d), emphasizing the need for precise figures and adherence to legal provisions for a fair assessment process. Case-Laws Income Tax Thu, 02 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415640