https://www.taxtmi.com/caselaws?id=425789 The tribunal reversed the Principal Commissioner of Income Tax's revision directions, allowing the assessee's appeal. It held that interest income from deposits in cooperative banks is eligible for deduction under Section 80P(2)(d). The tribunal found the original assessment in line with judicial precedents, rejecting the Principal Commissioner's argument that it was erroneous. The tribunal concluded that the revision was not sustainable, affirming the assessee's eligibility for the deduction. en-us Thu, 28 Jul 2022 00:00:00 +0530 Mon, 01 Aug 2022 09:33:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425789 The tribunal reversed the Principal Commissioner of Income Tax's revision directions, allowing the assessee's appeal. It held that interest income from deposits in cooperative banks is eligible for deduction under Section 80P(2)(d). The tribunal found the original assessment in line with judicial precedents, rejecting the Principal Commissioner's argument that it was erroneous. The tribunal concluded that the revision was not sustainable, affirming the assessee's eligibility for the deduction. Case-Laws Income Tax Thu, 28 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425789