https://www.taxtmi.com/caselaws?id=416886 The Tribunal upheld the disallowance of the deduction under Section 80P(2)(a)(i) for interest received on loans to employees, citing a High Court decision. The Tribunal remanded the issue of depreciation on the building fund back to the Assessing Officer for verification and potential allowance of depreciation as per statutory provisions. The appeal was partly allowed for statistical purposes, emphasizing adherence to judicial precedents and proper claim verification. en-us Fri, 07 Jan 2022 00:00:00 +0530 Mon, 10 Jan 2022 09:01:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416886 The Tribunal upheld the disallowance of the deduction under Section 80P(2)(a)(i) for interest received on loans to employees, citing a High Court decision. The Tribunal remanded the issue of depreciation on the building fund back to the Assessing Officer for verification and potential allowance of depreciation as per statutory provisions. The appeal was partly allowed for statistical purposes, emphasizing adherence to judicial precedents and proper claim verification. Case-Laws Income Tax Fri, 07 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416886