https://www.taxtmi.com/caselaws?id=467327 A prima facie disallowance under section 143(1)(a) could not be made for the relevant assessment year because the adjustment power then in force did not cover the revenue's proposed Chapter VI-A disallowance; the adjustment was therefore deleted. Interest earned by a co-operative society from deposits with co-operative banks qualified for deduction under section 80P(2)(d) because the bank was treated as a co-operative society for that purpose; the merits disallowance was therefore set aside. The assessee received full relief on both the procedural adjustment and the substantive deduction claim. en-us Fri, 28 Jun 2024 00:00:00 +0530 Sat, 14 Mar 2026 18:48:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467327 A prima facie disallowance under section 143(1)(a) could not be made for the relevant assessment year because the adjustment power then in force did not cover the revenue's proposed Chapter VI-A disallowance; the adjustment was therefore deleted. Interest earned by a co-operative society from deposits with co-operative banks qualified for deduction under section 80P(2)(d) because the bank was treated as a co-operative society for that purpose; the merits disallowance was therefore set aside. The assessee received full relief on both the procedural adjustment and the substantive deduction claim. Case-Laws Income Tax Fri, 28 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467327