https://www.taxtmi.com/caselaws?id=755116 Delay in filing the first appeal was not condoned because the explanation for the long delay was unconvincing and unsupported by the record. A deduction under section 80P(2)(d) could not be disallowed while processing the return under section 143(1), since that stage permits only the limited statutory adjustments and the claim was not inconsistent with the return or barred by any statutory limit. Interest earned from co-operative banks was treated as qualifying for section 80P(2)(d) where the statutory conditions were otherwise satisfied. The assessee failed on the delay issue but succeeded on the substantive deduction issue, obtaining partial relief. en-us Mon, 24 Jun 2024 00:00:00 +0530 Sat, 06 Jul 2024 07:52:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755116 Delay in filing the first appeal was not condoned because the explanation for the long delay was unconvincing and unsupported by the record. A deduction under section 80P(2)(d) could not be disallowed while processing the return under section 143(1), since that stage permits only the limited statutory adjustments and the claim was not inconsistent with the return or barred by any statutory limit. Interest earned from co-operative banks was treated as qualifying for section 80P(2)(d) where the statutory conditions were otherwise satisfied. The assessee failed on the delay issue but succeeded on the substantive deduction issue, obtaining partial relief. Case-Laws Income Tax Mon, 24 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755116