Tribunal Affirms Deduction Eligibility for Assessee's Interest Income from Banks u/s 80P(2)(d.

Tribunal Affirms Deduction Eligibility for Assessee's Interest Income from Banks u/s 80P(2)(d. https://www.taxtmi.com/highlights?id=76737 Deduction u/s 80P - interest income(s) derived from such nationalized/other bank(s) - After examining the provisions of Sec. 80P(2)(d) and relevant legal interpretations, including judicial pronouncements and the CBDT Circular No. 14, the Tribunal concluded that the assessee was entitled to the deduction. Despite conflicting views, the Tribunal favored precedents supporting the assessee's position. en-us Fri, 19 Apr 2024 14:56:55 +0530 Fri, 19 Apr 2024 14:56:55 +0530 TaxTMI RSS Generator Tribunal Affirms Deduction Eligibility for Assessee's Interest Income from Banks u/s 80P(2)(d. https://www.taxtmi.com/highlights?id=76737 Deduction u/s 80P - interest income(s) derived from such nationalized/other bank(s) - After examining the provisions of Sec. 80P(2)(d) and relevant legal interpretations, including judicial pronouncements and the CBDT Circular No. 14, the Tribunal concluded that the assessee was entitled to the deduction. Despite conflicting views, the Tribunal favored precedents supporting the assessee's position. Highlights Income Tax Fri, 19 Apr 2024 14:56:55 +0530 https://www.taxtmi.com/highlights?id=76737