https://www.taxtmi.com/caselaws?id=415796 The Tribunal remanded the case to the Assessing Officer for further examination of the deductions claimed under sections 80P(2)(a)(i) and 80P(2)(d) of the Income Tax Act. The Tribunal instructed the A.O. to consider judicial pronouncements and assess the allowance of expenses under section 57 for earning interest income. The decision highlighted the distinction between co-operative banks and societies in relation to the applicability of tax provisions. The appeal by the Revenue was allowed for statistical purposes, overturning the CIT(A)'s order. en-us Fri, 10 Dec 2021 00:00:00 +0530 Tue, 14 Dec 2021 08:40:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415796 The Tribunal remanded the case to the Assessing Officer for further examination of the deductions claimed under sections 80P(2)(a)(i) and 80P(2)(d) of the Income Tax Act. The Tribunal instructed the A.O. to consider judicial pronouncements and assess the allowance of expenses under section 57 for earning interest income. The decision highlighted the distinction between co-operative banks and societies in relation to the applicability of tax provisions. The appeal by the Revenue was allowed for statistical purposes, overturning the CIT(A)'s order. Case-Laws Income Tax Fri, 10 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415796