https://www.taxtmi.com/caselaws?id=416827 The Tribunal held that the assessee was not entitled to a deduction under section 80P(2)(a)(i) for interest income from deposits with cooperative banks, affirming the AO's decision. However, the Tribunal remitted the issue of the quantum of disallowance of interest income to the AO for allowing proportionate deductions for related expenses. The appeal was partly allowed for statistical purposes, with the AO directed to provide the assessee an opportunity to present evidence in the set-aside proceedings. en-us Thu, 06 Jan 2022 00:00:00 +0530 Sat, 08 Jan 2022 09:49:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416827 The Tribunal held that the assessee was not entitled to a deduction under section 80P(2)(a)(i) for interest income from deposits with cooperative banks, affirming the AO's decision. However, the Tribunal remitted the issue of the quantum of disallowance of interest income to the AO for allowing proportionate deductions for related expenses. The appeal was partly allowed for statistical purposes, with the AO directed to provide the assessee an opportunity to present evidence in the set-aside proceedings. Case-Laws Income Tax Thu, 06 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416827