https://www.taxtmi.com/caselaws?id=778203 ITAT-Bang. deleted the addition for excess provision of interest under section 80P, relying on precedential authority, and remitted the disallowance under section 40A(7)(b) to the AO for fresh consideration in light of the Board circular allowing Chapter VIA claims on profits enhanced by disallowances. The AO is directed to consider the circular against the case facts and decide afresh after affording the assessee a reasonable opportunity of being heard. en-us Fri, 10 Jan 2025 00:00:00 +0530 Sat, 30 Aug 2025 14:18:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778203 ITAT-Bang. deleted the addition for excess provision of interest under section 80P, relying on precedential authority, and remitted the disallowance under section 40A(7)(b) to the AO for fresh consideration in light of the Board circular allowing Chapter VIA claims on profits enhanced by disallowances. The AO is directed to consider the circular against the case facts and decide afresh after affording the assessee a reasonable opportunity of being heard. Case-Laws Income Tax Fri, 10 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778203