https://www.taxtmi.com/caselaws?id=431826 The Pune Benches of the Tribunal allowed the appeal, overturning the order of the National Faceless Appeal Centre, Delhi. The Tribunal granted the deduction under section 80P(2)(a)(i) for interest received on Fixed Deposits, amounting to Rs.3,57,44,782 earned from banks. Despite conflicting High Court views, the Tribunal favored the assessee in the absence of a direct judgment from the jurisdictional High Court. The Tribunal deemed the cited case by the ld. PCIT irrelevant to the current scenario, emphasizing the eligibility of deduction under section 80P(2)(a)(i) in this specific case. en-us Tue, 20 Dec 2022 00:00:00 +0530 Thu, 22 Dec 2022 08:44:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431826 The Pune Benches of the Tribunal allowed the appeal, overturning the order of the National Faceless Appeal Centre, Delhi. The Tribunal granted the deduction under section 80P(2)(a)(i) for interest received on Fixed Deposits, amounting to Rs.3,57,44,782 earned from banks. Despite conflicting High Court views, the Tribunal favored the assessee in the absence of a direct judgment from the jurisdictional High Court. The Tribunal deemed the cited case by the ld. PCIT irrelevant to the current scenario, emphasizing the eligibility of deduction under section 80P(2)(a)(i) in this specific case. Case-Laws Income Tax Tue, 20 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431826