https://www.taxtmi.com/caselaws?id=417625 The Tribunal partially allowed the appeal, affirming the Assessing Officer's decision on the deduction of interest income from the Surat District Cooperative Bank but supporting the Principal Commissioner of Income Tax's view that interest income from Dakshin Gujarat Vij Company Limited was not eligible for deduction under Section 80P(2)(d) of the Income Tax Act. The final order set aside the PCIT's decision on the Surat Cooperative Bank interest income and upheld the decision on DGVCL interest income, with the announcement made on 17 January 2022. en-us Mon, 17 Jan 2022 00:00:00 +0530 Thu, 27 Jan 2022 14:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417625 The Tribunal partially allowed the appeal, affirming the Assessing Officer's decision on the deduction of interest income from the Surat District Cooperative Bank but supporting the Principal Commissioner of Income Tax's view that interest income from Dakshin Gujarat Vij Company Limited was not eligible for deduction under Section 80P(2)(d) of the Income Tax Act. The final order set aside the PCIT's decision on the Surat Cooperative Bank interest income and upheld the decision on DGVCL interest income, with the announcement made on 17 January 2022. Case-Laws Income Tax Mon, 17 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417625