https://www.taxtmi.com/caselaws?id=66687 A co-operative housing society's deduction claim under section 80P(2)(c)(ii) was found to involve a debatable interpretation, because "profits and gains attributable to such activities" was treated as wider than business income and capable of covering other income heads in the proper context. On that footing, denial of the deduction at the return-processing stage was beyond the scope of a prima facie adjustment under section 143(1)(a). The claim could not be rejected by relying on section 80P(2)(f), and the disallowance was deleted. en-us Mon, 29 Jul 2002 00:00:00 +0530 Sat, 05 Mar 2011 16:55:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66687 A co-operative housing society's deduction claim under section 80P(2)(c)(ii) was found to involve a debatable interpretation, because "profits and gains attributable to such activities" was treated as wider than business income and capable of covering other income heads in the proper context. On that footing, denial of the deduction at the return-processing stage was beyond the scope of a prima facie adjustment under section 143(1)(a). The claim could not be rejected by relying on section 80P(2)(f), and the disallowance was deleted. Case-Laws Income Tax Mon, 29 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66687