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of <h1>High Court rules in favor of assessee on exemption claim under section 80P(2)(a)(iv)</h1> <h3>Commissioner of Income-Tax Versus Co-Operative Cane Development Union Ltd.</h3> The High Court of Allahabad ruled in favor of the assessee in a case regarding exemption claimed under section 80P(2)(a)(iv) of the Income-tax Act, based ... - The High Court of Allahabad heard a case referred by the Tribunal under section 256(1) of the Income-tax Act regarding the exemption claimed under section 80P(2)(a)(iv). The Court ruled in favor of the assessee based on a previous Division Bench decision.
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