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2023 (1) TMI 565 - AT - Income TaxRevision u/s 263 - Deduction u/s 80P - assessee had earned interest from fixed deposits with banks which is not eligible for deduction u/s 80P - HELD THAT:- AO was correct in giving deduction u/s 80P to the assessee qua the impugned interest income. That also brings us to conclude that the assessment-order passed by Ld. AO is neither erroneous non prejudicial to the interest of revenue and therefore the PCIT was not justified in invoking the revisionary-action u/s 263. Being so, we quash the revision-order passed by Ld. PCIT and restore the original assessment-order passed by Ld. AO. Appeal of assessee allowed.
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