https://www.taxtmi.com/caselaws?id=436974 The Tribunal allowed all three appeals by different Assessees regarding assessment under section 143(3) of the Income Tax Act, 1961 for the Assessment Year 2017-18. The Tribunal held that the assessment framed under section 143(3) was not erroneous insofar prejudicial to the interest of Revenue, as the deduction claimed under section 80P on interest income from cooperative banks was found to be reasonable and supported by judicial precedent. The decisions made in similar cases were applied to the appeals, resulting in the allowance of the grounds of appeal filed by the Assessees. en-us Fri, 21 Apr 2023 00:00:00 +0530 Mon, 24 Apr 2023 16:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436974 The Tribunal allowed all three appeals by different Assessees regarding assessment under section 143(3) of the Income Tax Act, 1961 for the Assessment Year 2017-18. The Tribunal held that the assessment framed under section 143(3) was not erroneous insofar prejudicial to the interest of Revenue, as the deduction claimed under section 80P on interest income from cooperative banks was found to be reasonable and supported by judicial precedent. The decisions made in similar cases were applied to the appeals, resulting in the allowance of the grounds of appeal filed by the Assessees. Case-Laws Income Tax Fri, 21 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436974