https://www.taxtmi.com/caselaws?id=429704 The ITAT allowed the appeal, ruling that the denial of the deduction under section 80P of the Income Tax Act for the assessment year 2019-20 was not justified as the relevant amendment came into effect after that period. The ITAT found that the adjustment made by the CPC was beyond the scope of the Act and that the denial of the deduction could not be justified under the provisions cited. The case was remanded to the Ld. CIT(A) for fresh adjudication after providing a hearing to the assessee. en-us Mon, 31 Oct 2022 00:00:00 +0530 Thu, 03 Nov 2022 09:05:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429704 The ITAT allowed the appeal, ruling that the denial of the deduction under section 80P of the Income Tax Act for the assessment year 2019-20 was not justified as the relevant amendment came into effect after that period. The ITAT found that the adjustment made by the CPC was beyond the scope of the Act and that the denial of the deduction could not be justified under the provisions cited. The case was remanded to the Ld. CIT(A) for fresh adjudication after providing a hearing to the assessee. Case-Laws Income Tax Mon, 31 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429704