https://www.taxtmi.com/caselaws?id=432047 The Tribunal allowed both appeals challenging revisionary orders passed by the ld. Principal Commissioner of Income-tax under section 263 of the Income-tax Act, 1961 for the assessment year 2017-18. The Tribunal upheld the allowability of deduction under section 80P(2)(a)(i) for interest income from cooperative banks, emphasizing that the impugned orders were not sustainable based on relevant case law and statutory provisions. Both appeals were allowed, and the order was pronounced on 22nd December 2022. en-us Thu, 22 Dec 2022 00:00:00 +0530 Mon, 26 Dec 2022 10:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432047 The Tribunal allowed both appeals challenging revisionary orders passed by the ld. Principal Commissioner of Income-tax under section 263 of the Income-tax Act, 1961 for the assessment year 2017-18. The Tribunal upheld the allowability of deduction under section 80P(2)(a)(i) for interest income from cooperative banks, emphasizing that the impugned orders were not sustainable based on relevant case law and statutory provisions. Both appeals were allowed, and the order was pronounced on 22nd December 2022. Case-Laws Income Tax Thu, 22 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432047