https://www.taxtmi.com/caselaws?id=757174 Delay of 112 days in filing the appeals was condoned because the assessee showed sufficient cause through incorrect professional advice followed by prompt action, with no material indicating mala fides or deliberate inaction, and the approach favoured substantial justice. The section 80P deduction claim was remanded because it had not been examined on merits by the first appellate authority and later binding Supreme Court decisions on co-operative society deductions and related interest income needed to be applied. The assessing authority was directed to reconsider the deduction claim and connected issues in accordance with law, giving the assessee partial relief. en-us Tue, 13 Aug 2024 00:00:00 +0530 Fri, 16 Aug 2024 15:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757174 Delay of 112 days in filing the appeals was condoned because the assessee showed sufficient cause through incorrect professional advice followed by prompt action, with no material indicating mala fides or deliberate inaction, and the approach favoured substantial justice. The section 80P deduction claim was remanded because it had not been examined on merits by the first appellate authority and later binding Supreme Court decisions on co-operative society deductions and related interest income needed to be applied. The assessing authority was directed to reconsider the deduction claim and connected issues in accordance with law, giving the assessee partial relief. Case-Laws Income Tax Tue, 13 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757174