https://www.taxtmi.com/caselaws?id=432818 Interest income from fixed deposits with banks was treated as eligible for deduction under section 80P on the governing facts and the coordinate bench view. Because the deduction was correctly allowed, the assessment could not be regarded as erroneous and prejudicial to the interests of the revenue, and the conditions for revision under section 263 were not met. The revisionary order was therefore quashed and the original assessment restored. en-us Tue, 20 Dec 2022 00:00:00 +0530 Sat, 14 Jan 2023 06:51:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432818 Interest income from fixed deposits with banks was treated as eligible for deduction under section 80P on the governing facts and the coordinate bench view. Because the deduction was correctly allowed, the assessment could not be regarded as erroneous and prejudicial to the interests of the revenue, and the conditions for revision under section 263 were not met. The revisionary order was therefore quashed and the original assessment restored. Case-Laws Income Tax Tue, 20 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432818