https://www.taxtmi.com/caselaws?id=754734 ITAT Bangalore allowed the assessee's appeal and annulled the PCIT's revision order under section 263. The case involved interest income from cooperative banks and dividend income that the assessee had correctly shown as income from other sources without claiming deduction under section 80P(2)(a)(i) or 80P(2)(d). The PCIT erroneously directed the AO to deny deductions that were never claimed by the assessee. The ITAT held that the AO's original order was neither erroneous nor prejudicial to revenue interests since no deduction was claimed on the income in question. en-us Tue, 09 Jan 2024 00:00:00 +0530 Fri, 28 Jun 2024 15:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754734 ITAT Bangalore allowed the assessee's appeal and annulled the PCIT's revision order under section 263. The case involved interest income from cooperative banks and dividend income that the assessee had correctly shown as income from other sources without claiming deduction under section 80P(2)(a)(i) or 80P(2)(d). The PCIT erroneously directed the AO to deny deductions that were never claimed by the assessee. The ITAT held that the AO's original order was neither erroneous nor prejudicial to revenue interests since no deduction was claimed on the income in question. Case-Laws Income Tax Tue, 09 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754734