https://www.taxtmi.com/caselaws?id=434236 The Appellate Tribunal ITAT Ahmedabad ruled in favor of the Assessee in a case involving delay in filing the appeal due to the COVID-19 pandemic, the allowability of interest income deduction under section 80P(2) of the Income Tax Act, the validity of the Revision order under section 263, and the interpretation of relevant case laws. The Tribunal deemed the delay excusable, upheld the Assessee's contention regarding interest income deduction, and found the Revision order unsustainable based on established legal principles and precedents, ultimately ruling in favor of the Assessee. en-us Fri, 17 Feb 2023 00:00:00 +0530 Mon, 20 Feb 2023 08:26:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434236 The Appellate Tribunal ITAT Ahmedabad ruled in favor of the Assessee in a case involving delay in filing the appeal due to the COVID-19 pandemic, the allowability of interest income deduction under section 80P(2) of the Income Tax Act, the validity of the Revision order under section 263, and the interpretation of relevant case laws. The Tribunal deemed the delay excusable, upheld the Assessee's contention regarding interest income deduction, and found the Revision order unsustainable based on established legal principles and precedents, ultimately ruling in favor of the Assessee. Case-Laws Income Tax Fri, 17 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434236