https://www.taxtmi.com/caselaws?id=447959 ITAT Ahmedabad allowed the assessee's appeal for statistical purposes regarding section 80P deduction denial. The revenue denied the deduction through section 143(1) intimation due to improperly filled return columns, and subsequently rejected the section 154 rectification application. ITAT held that revenue cannot deny legitimate benefits due to assessee's ignorance and must rectify genuine mistakes. The matter was remanded to AO for fresh adjudication to verify if interest was earned from cooperative society and whether deduction falls within section 80P(d)/80P2(c)(ii) provisions. en-us Fri, 05 Jan 2024 00:00:00 +0530 Mon, 08 Jan 2024 16:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447959 ITAT Ahmedabad allowed the assessee's appeal for statistical purposes regarding section 80P deduction denial. The revenue denied the deduction through section 143(1) intimation due to improperly filled return columns, and subsequently rejected the section 154 rectification application. ITAT held that revenue cannot deny legitimate benefits due to assessee's ignorance and must rectify genuine mistakes. The matter was remanded to AO for fresh adjudication to verify if interest was earned from cooperative society and whether deduction falls within section 80P(d)/80P2(c)(ii) provisions. Case-Laws Income Tax Fri, 05 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447959