https://www.taxtmi.com/caselaws?id=61595 The Tribunal granted stay of demands for three assessment years to a cooperative society in Haryana, totaling Rs. 3,20,19,995 for 1992-93, Rs. 28,00,175 for 1998-99, and Rs. 1,32,57,752 for 1999-2000. The demands arose from the CIT(A) disallowing deductions under s. 80P(2)(e) for rental income from godowns, considering it a commercial activity. Despite Departmental objections, the Tribunal found the assessee's arguments valid, allowing the stay until appeal decisions without requiring security, emphasizing expedited hearings for timely resolution. en-us Mon, 03 Mar 2003 00:00:00 +0530 Thu, 13 Jan 2011 15:01:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61595 The Tribunal granted stay of demands for three assessment years to a cooperative society in Haryana, totaling Rs. 3,20,19,995 for 1992-93, Rs. 28,00,175 for 1998-99, and Rs. 1,32,57,752 for 1999-2000. The demands arose from the CIT(A) disallowing deductions under s. 80P(2)(e) for rental income from godowns, considering it a commercial activity. Despite Departmental objections, the Tribunal found the assessee's arguments valid, allowing the stay until appeal decisions without requiring security, emphasizing expedited hearings for timely resolution. Case-Laws Income Tax Mon, 03 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61595