https://www.taxtmi.com/caselaws?id=425338 The Tribunal remanded the case back to the Assessing Officer for de novo verification, emphasizing the need for proper opportunity for the assessee to be heard. The PCIT's proposed revisions to deductions claimed under section 80P(2)(a)(i) were challenged, and the case was remanded for compliance with legal principles. The treatment of interest income, leave encashment, and audit fees for tax purposes was disputed, leading to a remand for thorough verification. The Tribunal allowed the appeal for statistical purposes, stressing the importance of a fair assessment process. en-us Tue, 19 Jul 2022 00:00:00 +0530 Thu, 21 Jul 2022 09:27:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425338 The Tribunal remanded the case back to the Assessing Officer for de novo verification, emphasizing the need for proper opportunity for the assessee to be heard. The PCIT's proposed revisions to deductions claimed under section 80P(2)(a)(i) were challenged, and the case was remanded for compliance with legal principles. The treatment of interest income, leave encashment, and audit fees for tax purposes was disputed, leading to a remand for thorough verification. The Tribunal allowed the appeal for statistical purposes, stressing the importance of a fair assessment process. Case-Laws Income Tax Tue, 19 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425338