https://www.taxtmi.com/caselaws?id=772598 Tribunal ruled that CPC could not disallow deduction under section 80P for AY 2019-20 because the amendment empowering such disallowance was prospective, effective only from 1 April 2021. The CPC lacked statutory authority to make suo motu adjustments for deductions in assessment years prior to the amendment. The appeal by the assessee was allowed, directing the AO to permit the claimed deduction. en-us Mon, 05 May 2025 00:00:00 +0530 Wed, 11 Jun 2025 08:36:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772598 Tribunal ruled that CPC could not disallow deduction under section 80P for AY 2019-20 because the amendment empowering such disallowance was prospective, effective only from 1 April 2021. The CPC lacked statutory authority to make suo motu adjustments for deductions in assessment years prior to the amendment. The appeal by the assessee was allowed, directing the AO to permit the claimed deduction. Case-Laws Income Tax Mon, 05 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772598