https://www.taxtmi.com/caselaws?id=464757 ITAT, Mumbai - AT held that the assessee's deduction claim under s.80P(2)(d) for interest from a co-operative bank cannot be summarily disallowed merely because interest/dividend were misreported on the return. Procedural reporting errors do not defeat substantive rights; natural justice requires the AO to afford an opportunity to clarify and substantiate the claim. The ITAT restored the matter to the AO for fresh adjudication, directing the AO to examine the interest/dividend entries, consider all evidence and legal provisions (including eligibility under s.80P(2)(d) and relevant precedents), and decide afresh. Grounds allowed for statistical purposes. en-us Thu, 23 Jan 2025 00:00:00 +0530 Wed, 12 Nov 2025 19:42:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464757 ITAT, Mumbai - AT held that the assessee's deduction claim under s.80P(2)(d) for interest from a co-operative bank cannot be summarily disallowed merely because interest/dividend were misreported on the return. Procedural reporting errors do not defeat substantive rights; natural justice requires the AO to afford an opportunity to clarify and substantiate the claim. The ITAT restored the matter to the AO for fresh adjudication, directing the AO to examine the interest/dividend entries, consider all evidence and legal provisions (including eligibility under s.80P(2)(d) and relevant precedents), and decide afresh. Grounds allowed for statistical purposes. Case-Laws Income Tax Thu, 23 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464757