PCIT revision order unwarranted when appellant not claimed section 80P(2)(d) deduction 

Pane Mangalore RSS Bank Panemangalore RSS Limited Vs ITO (ITAT Bangalore) Introduction: The case of Pane Mangalore RSS Bank Panemangalore RSS Limited vs ITO before the ITAT Bangalore revolves around the revision order passed by the Principal Commissioner of Income Tax (PCIT) under section 263 of the Income Tax Act, 1961. The issue at hand pertains to the grant of deduction under section 80P without a proper claim. Detailed Analysis: The appellant, Pane Mangalore RSS Bank Panemangalore RSS Limited, contested the revision order passed by the PCIT, challenging its legality and basis. The PCIT dir...