https://www.taxtmi.com/caselaws?id=445437 The Tribunal dismissed the Revenue's Miscellaneous Application, finding it not maintainable due to the absence of any identifiable mistake of fact or law. The Tribunal upheld its original decision regarding the deduction of interest income under section 80P(2) of the Income-tax Act, 1961, aligning with the Full Bench ruling of the jurisdictional HC. It instructed the Assessing Officer to evaluate the assessee's activities for compliance with the Kerala Co-operative Societies Act, 1969, and to assess the eligibility of interest income from investments with co-operative banks for deduction. The assessee was allowed to contest the AO's order based on the latest SC decision. en-us Mon, 09 Oct 2023 00:00:00 +0530 Tue, 07 Nov 2023 11:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445437 The Tribunal dismissed the Revenue's Miscellaneous Application, finding it not maintainable due to the absence of any identifiable mistake of fact or law. The Tribunal upheld its original decision regarding the deduction of interest income under section 80P(2) of the Income-tax Act, 1961, aligning with the Full Bench ruling of the jurisdictional HC. It instructed the Assessing Officer to evaluate the assessee's activities for compliance with the Kerala Co-operative Societies Act, 1969, and to assess the eligibility of interest income from investments with co-operative banks for deduction. The assessee was allowed to contest the AO's order based on the latest SC decision. Case-Laws Income Tax Mon, 09 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445437