https://www.taxtmi.com/caselaws?id=69327 The appeals for the assessment years 1976-77 and 1977-78 were initially found to be time-barred but were admitted due to excusable delay. The Co-operative Marketing Society, earning Government Stockists Commission, was denied exemption under s. 80P by the Income Tax Officer and the Appellate Assistant Commissioner. However, the Tribunal deemed the income eligible for exemption under s. 80P(2)(e) of the IT Act, 1961, as it was derived from letting of godowns or warehouses. The Tribunal upheld that the commission was directly linked to such letting, allowing the appeals and modifying the assessment accordingly. en-us Tue, 03 Jul 1979 00:00:00 +0530 Wed, 06 Apr 2011 12:24:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69327 The appeals for the assessment years 1976-77 and 1977-78 were initially found to be time-barred but were admitted due to excusable delay. The Co-operative Marketing Society, earning Government Stockists Commission, was denied exemption under s. 80P by the Income Tax Officer and the Appellate Assistant Commissioner. However, the Tribunal deemed the income eligible for exemption under s. 80P(2)(e) of the IT Act, 1961, as it was derived from letting of godowns or warehouses. The Tribunal upheld that the commission was directly linked to such letting, allowing the appeals and modifying the assessment accordingly. Case-Laws Income Tax Tue, 03 Jul 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69327