https://www.taxtmi.com/caselaws?id=444683 The Tribunal partly allowed the appeal, directing the AO to permit the appellant's claim under Section 80IC. It ruled that the interest income from eligible business should not be deducted from the gross total income, except for the interest on an insurance claim. Additionally, the Tribunal allowed the deduction under Section 80IC despite the late filing of the return, citing a sufficient cause for the delay. The issues regarding the legality of the CIT(A)'s order and the violation of natural justice were addressed within the broader context of these findings. en-us Fri, 02 Jun 2023 00:00:00 +0530 Thu, 19 Oct 2023 14:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444683 The Tribunal partly allowed the appeal, directing the AO to permit the appellant's claim under Section 80IC. It ruled that the interest income from eligible business should not be deducted from the gross total income, except for the interest on an insurance claim. Additionally, the Tribunal allowed the deduction under Section 80IC despite the late filing of the return, citing a sufficient cause for the delay. The issues regarding the legality of the CIT(A)'s order and the violation of natural justice were addressed within the broader context of these findings. Case-Laws Income Tax Fri, 02 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444683