https://www.taxtmi.com/caselaws?id=432818 The ITAT allowed the assessee's appeal, upholding the eligibility of interest income from reserves mandated by the M.P./Chattisgarh Societies Act, 1960 for deduction u/s 80P. The revision-order passed by the Ld. Principal Commissioner of Income Tax under section 263 was quashed, and the original assessment-order was reinstated as the ITAT found it neither erroneous nor prejudicial to the revenue's interest. 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 The ITAT allowed the assessee's appeal, upholding the eligibility of interest income from reserves mandated by the M.P./Chattisgarh Societies Act, 1960 for deduction u/s 80P. The revision-order passed by the Ld. Principal Commissioner of Income Tax under section 263 was quashed, and the original assessment-order was reinstated as the ITAT found it neither erroneous nor prejudicial to the revenue's interest. Case-Laws Income Tax Tue, 20 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432818