https://www.taxtmi.com/caselaws?id=769170 The Tribunal addressed two key issues: (1) condonation of 259-day delay in appeal filing, and (2) deduction eligibility under section 80P(2)(d) for co-operative bank interest income. After examining procedural and substantive aspects, the Tribunal condoned the delay, favoring substantial justice over technical constraints. It allowed the deduction, relying on Supreme Court and High Court precedents affirming co-operative societies' tax benefits, thereby rejecting the Revenue's arguments and granting the assessee's appeal. en-us Wed, 09 Apr 2025 00:00:00 +0530 Mon, 21 Apr 2025 08:41:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769170 The Tribunal addressed two key issues: (1) condonation of 259-day delay in appeal filing, and (2) deduction eligibility under section 80P(2)(d) for co-operative bank interest income. After examining procedural and substantive aspects, the Tribunal condoned the delay, favoring substantial justice over technical constraints. It allowed the deduction, relying on Supreme Court and High Court precedents affirming co-operative societies' tax benefits, thereby rejecting the Revenue's arguments and granting the assessee's appeal. Case-Laws Income Tax Wed, 09 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769170