https://www.taxtmi.com/caselaws?id=456813 Entitlement to deduction under section 80P(2)(a)(i) required fresh examination in light of the Supreme Court ruling in Mavilayi Service Co-operative Bank Ltd., so the issue was remanded to the Assessing Officer. The addition under section 68 read with section 115BBE for demonetisation-period cash deposits also required verification of the cash book, member confirmations, and other evidence before treating the amounts as unexplained, and this matter was likewise sent back for reconsideration. The commentary notes that the assessee obtained remand relief on the substantive tax issues, while the separate revision challenge did not survive for adjudication on merits in this order. en-us Fri, 16 Sep 2022 00:00:00 +0530 Fri, 16 Aug 2024 20:13:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456813 Entitlement to deduction under section 80P(2)(a)(i) required fresh examination in light of the Supreme Court ruling in Mavilayi Service Co-operative Bank Ltd., so the issue was remanded to the Assessing Officer. The addition under section 68 read with section 115BBE for demonetisation-period cash deposits also required verification of the cash book, member confirmations, and other evidence before treating the amounts as unexplained, and this matter was likewise sent back for reconsideration. The commentary notes that the assessee obtained remand relief on the substantive tax issues, while the separate revision challenge did not survive for adjudication on merits in this order. Case-Laws Income Tax Fri, 16 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456813