https://www.taxtmi.com/caselaws?id=415747 Entitlement to deduction under Section 80P(2) could not be finally determined on the existing record because the assessee's legal status and the relevant factual matrix required fresh examination in light of a later Supreme Court ruling. The earlier rejection in the assessee's own case was not treated as conclusive once additional material was relied on, including provisions of the National Bank for Agriculture and Rural Development Act, 1981 and the Banking Regulation Act, 1949. The matter was therefore remitted to the Tribunal for fresh adjudication, with liberty to both sides to place further material. en-us Fri, 24 Sep 2021 00:00:00 +0530 Mon, 13 Dec 2021 08:36:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415747 Entitlement to deduction under Section 80P(2) could not be finally determined on the existing record because the assessee's legal status and the relevant factual matrix required fresh examination in light of a later Supreme Court ruling. The earlier rejection in the assessee's own case was not treated as conclusive once additional material was relied on, including provisions of the National Bank for Agriculture and Rural Development Act, 1981 and the Banking Regulation Act, 1949. The matter was therefore remitted to the Tribunal for fresh adjudication, with liberty to both sides to place further material. Case-Laws Income Tax Fri, 24 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415747