https://www.taxtmi.com/caselaws?id=423013 The Tribunal allowed the appeals for the assessment years 2013-2014 to 2015-2016, holding the assessee entitled to deduction u/s 80P(2)(d) for interest income received from a cooperative bank. The Tribunal emphasized the limited powers of the Assessing Authority under section 143(1) and the importance of rectification applications for correcting prima facie adjustments. The decision underscored the significance of legal precedents in determining eligibility for deductions under the Income Tax Act. en-us Mon, 23 May 2022 00:00:00 +0530 Thu, 26 May 2022 22:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423013 The Tribunal allowed the appeals for the assessment years 2013-2014 to 2015-2016, holding the assessee entitled to deduction u/s 80P(2)(d) for interest income received from a cooperative bank. The Tribunal emphasized the limited powers of the Assessing Authority under section 143(1) and the importance of rectification applications for correcting prima facie adjustments. The decision underscored the significance of legal precedents in determining eligibility for deductions under the Income Tax Act. Case-Laws Income Tax Mon, 23 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423013