https://www.taxtmi.com/caselaws?id=430245 The delay in filing appeals for the assessment years 2017-18 & 2018-19 was condoned due to the Treasurer's illness and COVID-19 restrictions. The appeals were admitted for adjudication. Regarding the deduction u/s 80P(2)(a)(i) for interest income from saving bank accounts, the Tribunal allowed the deduction for the assessment year 2017-18 as the interest was essential for business activities. For the assessment year 2018-19, the matter was remanded for reconsideration by the CIT(A) to assess the interest income properly based on the submissions. en-us Fri, 11 Nov 2022 00:00:00 +0530 Mon, 14 Nov 2022 15:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430245 The delay in filing appeals for the assessment years 2017-18 & 2018-19 was condoned due to the Treasurer's illness and COVID-19 restrictions. The appeals were admitted for adjudication. Regarding the deduction u/s 80P(2)(a)(i) for interest income from saving bank accounts, the Tribunal allowed the deduction for the assessment year 2017-18 as the interest was essential for business activities. For the assessment year 2018-19, the matter was remanded for reconsideration by the CIT(A) to assess the interest income properly based on the submissions. Case-Laws Income Tax Fri, 11 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430245