https://www.taxtmi.com/caselaws?id=792888 An appellate authority cannot disallow an already-allowed deduction on interest income when no ground was raised by the assessee and no notice of enhancement was issued; doing so exceeds appellate jurisdiction and breaches natural justice. On merits, interest earned from investments with co-operative banks is stated to qualify for deduction under section 80P(2)(d). The resulting disallowance of the deduction was therefore unsustainable and was directed to be deleted. en-us Thu, 23 Apr 2026 00:00:00 +0530 Fri, 05 Jun 2026 08:07:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792888 An appellate authority cannot disallow an already-allowed deduction on interest income when no ground was raised by the assessee and no notice of enhancement was issued; doing so exceeds appellate jurisdiction and breaches natural justice. On merits, interest earned from investments with co-operative banks is stated to qualify for deduction under section 80P(2)(d). The resulting disallowance of the deduction was therefore unsustainable and was directed to be deleted. Case-Laws Income Tax Thu, 23 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792888