https://www.taxtmi.com/caselaws?id=431968 The Appellate Tribunal ITAT Rajkot addressed the validity of the revisional jurisdiction of the Principal CIT and the eligibility of the assessee to claim deduction under section 80P(2)(d) of the Income Tax Act, 1961. The Tribunal found in favor of the assessee, allowing the appeal and setting aside the order passed by the Principal CIT. The decision was based on the Tribunal's analysis of legal precedents and the facts of the case, concluding that the assessee was entitled to claim the deduction under section 80P(2)(d) for interest income earned from cooperative banks. en-us Wed, 21 Dec 2022 00:00:00 +0530 Sat, 24 Dec 2022 11:09:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431968 The Appellate Tribunal ITAT Rajkot addressed the validity of the revisional jurisdiction of the Principal CIT and the eligibility of the assessee to claim deduction under section 80P(2)(d) of the Income Tax Act, 1961. The Tribunal found in favor of the assessee, allowing the appeal and setting aside the order passed by the Principal CIT. The decision was based on the Tribunal's analysis of legal precedents and the facts of the case, concluding that the assessee was entitled to claim the deduction under section 80P(2)(d) for interest income earned from cooperative banks. Case-Laws Income Tax Wed, 21 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431968