https://www.taxtmi.com/caselaws?id=65762 The Tribunal upheld the AAC's decision in the case involving a Co-operative Society assessed as an AOP for the asst. yrs. 1975-76 and 1976-77. The disallowance of interest on capital in the 'Stores branch' was contested, with the AAC directing deduction under s. 80P(2)(a)(i) due to credit facilities provided to members. The Tribunal affirmed this decision, stating s. 80P(2)(a) applied. Disallowance of Rs. 1,27,907 was upheld, emphasizing assessment of the Co-operative Society's real income. The Revenue's appeals were dismissed, confirming the AAC's rulings on s. 80P(2)(a) application and income assessment. en-us Wed, 02 Apr 1980 00:00:00 +0530 Fri, 18 Feb 2011 16:16:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65762 The Tribunal upheld the AAC's decision in the case involving a Co-operative Society assessed as an AOP for the asst. yrs. 1975-76 and 1976-77. The disallowance of interest on capital in the 'Stores branch' was contested, with the AAC directing deduction under s. 80P(2)(a)(i) due to credit facilities provided to members. The Tribunal affirmed this decision, stating s. 80P(2)(a) applied. Disallowance of Rs. 1,27,907 was upheld, emphasizing assessment of the Co-operative Society's real income. The Revenue's appeals were dismissed, confirming the AAC's rulings on s. 80P(2)(a) application and income assessment. Case-Laws Income Tax Wed, 02 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65762