https://www.taxtmi.com/caselaws?id=465197 ITAT set aside the order of CIT(A) on the assessee-cooperative society's claim of deduction under section 80P in respect of interest income from bank deposits. Observing that the relevant factual matrix regarding the nature and deployment of funds was not clearly available, ITAT remanded the matter to CIT(A) for de novo adjudication. CIT(A) was directed to pass a speaking and reasoned order after examining the assessee's facts in the light of binding precedents, including decisions distinguishing interest on surplus funds from interest attributable to banking/cooperative credit activities. en-us Wed, 14 Aug 2019 00:00:00 +0530 Wed, 10 Dec 2025 19:13:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465197 ITAT set aside the order of CIT(A) on the assessee-cooperative society's claim of deduction under section 80P in respect of interest income from bank deposits. Observing that the relevant factual matrix regarding the nature and deployment of funds was not clearly available, ITAT remanded the matter to CIT(A) for de novo adjudication. CIT(A) was directed to pass a speaking and reasoned order after examining the assessee's facts in the light of binding precedents, including decisions distinguishing interest on surplus funds from interest attributable to banking/cooperative credit activities. Case-Laws Income Tax Wed, 14 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465197