https://www.taxtmi.com/caselaws?id=415690 The Tribunal partially allowed the appeal, directing the AO to determine the net interest income after accounting for expenditure before excluding it from the deduction under section 80P(2) of the Income Tax Act. The Tribunal acknowledged the appellant's right to claim expenditure related to interest income earned from investments, despite the income not qualifying for deduction under section 80P(2)(a)(i). This decision aimed to ensure a fair computation of the net income before applying the deduction provisions of the Act. en-us Wed, 08 Dec 2021 00:00:00 +0530 Sat, 11 Dec 2021 09:27:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415690 The Tribunal partially allowed the appeal, directing the AO to determine the net interest income after accounting for expenditure before excluding it from the deduction under section 80P(2) of the Income Tax Act. The Tribunal acknowledged the appellant's right to claim expenditure related to interest income earned from investments, despite the income not qualifying for deduction under section 80P(2)(a)(i). This decision aimed to ensure a fair computation of the net income before applying the deduction provisions of the Act. Case-Laws Income Tax Wed, 08 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415690