https://www.taxtmi.com/caselaws?id=459913 Deduction under section 80P was held allowable on interest earned from deposits with nationalised banks, as the Tribunal treated the issue as no longer res integra and followed earlier decisions granting the deduction. It preferred the Karnataka High Court view over the contrary Delhi High Court view where no jurisdictional High Court ruling was shown to exist. The denial of deduction was therefore set aside in favour of the assessee. en-us Thu, 01 Sep 2022 00:00:00 +0530 Thu, 02 Jan 2025 23:38:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459913 Deduction under section 80P was held allowable on interest earned from deposits with nationalised banks, as the Tribunal treated the issue as no longer res integra and followed earlier decisions granting the deduction. It preferred the Karnataka High Court view over the contrary Delhi High Court view where no jurisdictional High Court ruling was shown to exist. The denial of deduction was therefore set aside in favour of the assessee. Case-Laws Income Tax Thu, 01 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459913