https://www.taxtmi.com/caselaws?id=433752 The appeal by the assessee was partly allowed for statistical purposes. The claim for deduction under section 80P(2)(a)(i) and 80P(2)(d) of the Income Tax Act, 1961 was rejected as interest income from non-cooperative society banks was not deductible under these sections. The delay in filing the appeal was condoned due to the CEO's ill health. The Tribunal directed the AO to allow deduction of proportionate expenses earned in earning interest income under section 57 of the Act, setting aside the CIT(A) order for fresh consideration. en-us Mon, 06 Feb 2023 00:00:00 +0530 Tue, 07 Feb 2023 11:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433752 The appeal by the assessee was partly allowed for statistical purposes. The claim for deduction under section 80P(2)(a)(i) and 80P(2)(d) of the Income Tax Act, 1961 was rejected as interest income from non-cooperative society banks was not deductible under these sections. The delay in filing the appeal was condoned due to the CEO's ill health. The Tribunal directed the AO to allow deduction of proportionate expenses earned in earning interest income under section 57 of the Act, setting aside the CIT(A) order for fresh consideration. Case-Laws Income Tax Mon, 06 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433752