https://www.taxtmi.com/caselaws?id=68366 The Tribunal held that the assessee's income from storage charges was eligible for deduction under Section 80P(2)(e) of the Income Tax Act, as it aligned with the Supreme Court's decision and was considered income derived from letting godowns for storage. The Tribunal directed the Assessing Officer to determine the quantum of deduction on merit, following principles laid down by the Supreme Court in a relevant case. Both appeals of the Revenue were dismissed, affirming the assessee's entitlement to deduction and the need for further assessment of the deduction amount. en-us Fri, 20 Oct 2000 00:00:00 +0530 Tue, 29 Mar 2011 15:26:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68366 The Tribunal held that the assessee's income from storage charges was eligible for deduction under Section 80P(2)(e) of the Income Tax Act, as it aligned with the Supreme Court's decision and was considered income derived from letting godowns for storage. The Tribunal directed the Assessing Officer to determine the quantum of deduction on merit, following principles laid down by the Supreme Court in a relevant case. Both appeals of the Revenue were dismissed, affirming the assessee's entitlement to deduction and the need for further assessment of the deduction amount. Case-Laws Income Tax Fri, 20 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68366