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2019 (2) TMI 810 - AT - Income TaxRevision u/s 263 - admissibility of deduction u/s 80P on interest income as well as miscellaneous income - Held that:- In the instant case, the AO examined the issue and allowed the deduction u/s 80P after conducting the necessary enquiries. Since the AO has examined the issue and taken a conscious decision that the interest on bank deposits and the miscellaneous income as allowable u/s 80P, hence, there is no case for invoking the jurisdiction u/s 263 by the Ld.Pr.CIT. Thus, there is no error in the assessment order which required to be modified. Accordingly, we are unable to sustain the order of the Ld.Pr.CIT and allow the appeals of the assessee.
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