https://www.taxtmi.com/caselaws?id=465544 Revision under section 263 was found unsustainable because the proposed disallowance of the NPA provision would only increase business income that remained deductible under section 80P(2)(a)(i). The ITAT Pune AT applied Circular No. 37/2016 and held that, where an assessment addition merely enhances income eligible for Chapter VI-A deduction, it causes no real prejudice to the revenue. The revisional direction was treated as an academic exercise and was set aside, with the assessee's appeal succeeding. en-us Mon, 12 Aug 2024 00:00:00 +0530 Tue, 30 Dec 2025 19:04:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465544 Revision under section 263 was found unsustainable because the proposed disallowance of the NPA provision would only increase business income that remained deductible under section 80P(2)(a)(i). The ITAT Pune AT applied Circular No. 37/2016 and held that, where an assessment addition merely enhances income eligible for Chapter VI-A deduction, it causes no real prejudice to the revenue. The revisional direction was treated as an academic exercise and was set aside, with the assessee's appeal succeeding. Case-Laws Income Tax Mon, 12 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465544