https://www.taxtmi.com/caselaws?id=426836 The Tribunal allowed the appeal, quashing the revision order under Section 263 and restoring the original assessment. It held the assessee eligible for deduction under Section 80P(2)(d) for interest income from Co-operative Banks, following the jurisdictional High Court's ruling and its own precedents. The Tribunal emphasized that the PCIT couldn't rely on a non-jurisdictional High Court's decision when the jurisdictional High Court favored the assessee. en-us Wed, 24 Aug 2022 00:00:00 +0530 Fri, 26 Aug 2022 08:36:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426836 The Tribunal allowed the appeal, quashing the revision order under Section 263 and restoring the original assessment. It held the assessee eligible for deduction under Section 80P(2)(d) for interest income from Co-operative Banks, following the jurisdictional High Court's ruling and its own precedents. The Tribunal emphasized that the PCIT couldn't rely on a non-jurisdictional High Court's decision when the jurisdictional High Court favored the assessee. Case-Laws Income Tax Wed, 24 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426836