https://www.taxtmi.com/caselaws?id=214466 The Tribunal ruled in favor of the assessee in a tax appeal case involving the exclusion of three items from the deduction under section 80P(2)(a)(i) of the Income Tax Act. It held that interest from employees did not qualify for deduction, jeep charges were not income but a cost recovery, and 'No Dues Certificates' income was integral to the lending business. The Tribunal determined that all three incomes should be assessed as business income and set off against brought forward losses under section 72, irrespective of their eligibility for section 80P(2)(a)(i) deduction. en-us Thu, 31 May 2012 00:00:00 +0530 Tue, 03 Jul 2012 08:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214466 The Tribunal ruled in favor of the assessee in a tax appeal case involving the exclusion of three items from the deduction under section 80P(2)(a)(i) of the Income Tax Act. It held that interest from employees did not qualify for deduction, jeep charges were not income but a cost recovery, and 'No Dues Certificates' income was integral to the lending business. The Tribunal determined that all three incomes should be assessed as business income and set off against brought forward losses under section 72, irrespective of their eligibility for section 80P(2)(a)(i) deduction. Case-Laws Income Tax Thu, 31 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214466