https://www.taxtmi.com/caselaws?id=439703 The Appellate Tribunal condoned a 56-day delay in filing appeals by the revenue for certain assessment years, allowing the appeals for adjudication. The disallowance of deductions claimed under section 80P(2)(a)(i) of the Income-tax Act was overturned by the CIT(A), directing the Assessing Officer to delete the additions. The Tribunal upheld the allowance of deduction under section 80P for interest income earned from fixed deposits with other cooperative banks, considering it as part of the assessee's business activity. The appeals filed by the revenue and cross objections by the assessee for the relevant assessment years were dismissed by the Tribunal. en-us Wed, 28 Jun 2023 00:00:00 +0530 Fri, 30 Jun 2023 09:35:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439703 The Appellate Tribunal condoned a 56-day delay in filing appeals by the revenue for certain assessment years, allowing the appeals for adjudication. The disallowance of deductions claimed under section 80P(2)(a)(i) of the Income-tax Act was overturned by the CIT(A), directing the Assessing Officer to delete the additions. The Tribunal upheld the allowance of deduction under section 80P for interest income earned from fixed deposits with other cooperative banks, considering it as part of the assessee's business activity. The appeals filed by the revenue and cross objections by the assessee for the relevant assessment years were dismissed by the Tribunal. Case-Laws Income Tax Wed, 28 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439703