https://www.taxtmi.com/caselaws?id=432201 The tribunal ruled in favor of the assessee, allowing the appeals and directing the Assessing Officer to allow the deductions claimed under sec.80P(2)(d). The tribunal found the assessee eligible for sec.80P deduction in both assessment years, holding that interest income earned from investments in cooperative banks is exempt under sec.80P(2)(d) of the Act. Additionally, the tribunal accepted the assessee's argument regarding the jurisdiction of the CIT(A) to issue directions to the Assessing Officer, directing the Officer to frame necessary computations as per the law. en-us Tue, 27 Dec 2022 00:00:00 +0530 Thu, 29 Dec 2022 10:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432201 The tribunal ruled in favor of the assessee, allowing the appeals and directing the Assessing Officer to allow the deductions claimed under sec.80P(2)(d). The tribunal found the assessee eligible for sec.80P deduction in both assessment years, holding that interest income earned from investments in cooperative banks is exempt under sec.80P(2)(d) of the Act. Additionally, the tribunal accepted the assessee's argument regarding the jurisdiction of the CIT(A) to issue directions to the Assessing Officer, directing the Officer to frame necessary computations as per the law. Case-Laws Income Tax Tue, 27 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432201