https://www.taxtmi.com/caselaws?id=220354 The appeal was partly allowed for statistical purposes. The Tribunal upheld the denial of deduction under section 80IB(11) for trading profits from potatoes, while directing the AO to reconsider the set-off of interest and rent. The deduction on interest received from cultivators was disallowed, along with advances to cultivators. The Tribunal also directed a re-examination of the applicability of TDS provisions on payments to contractors and individual laborers. The legal position on section 40a(ia) applicability was referred back to the AO for verification. en-us Fri, 14 Sep 2012 00:00:00 +0530 Mon, 21 Jan 2013 07:44:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220354 The appeal was partly allowed for statistical purposes. The Tribunal upheld the denial of deduction under section 80IB(11) for trading profits from potatoes, while directing the AO to reconsider the set-off of interest and rent. The deduction on interest received from cultivators was disallowed, along with advances to cultivators. The Tribunal also directed a re-examination of the applicability of TDS provisions on payments to contractors and individual laborers. The legal position on section 40a(ia) applicability was referred back to the AO for verification. Case-Laws Income Tax Fri, 14 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220354