https://www.taxtmi.com/caselaws?id=270840 The Tribunal upheld the CIT(A)'s decision, dismissing the appeal and ruling that the assessee, a Cooperative Society, was ineligible for deduction under section 80P(2)(a)(vi) as its income did not stem from the collective disposal of labor by its members. The disallowance of expenses totaling Rs. 4,71,900 and the levy of interest under sections 234B and 234C were also affirmed. The principle of consistency and res judicata was deemed inapplicable in this case. en-us Wed, 28 Oct 2015 00:00:00 +0530 Mon, 18 Jan 2016 05:54:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270840 The Tribunal upheld the CIT(A)'s decision, dismissing the appeal and ruling that the assessee, a Cooperative Society, was ineligible for deduction under section 80P(2)(a)(vi) as its income did not stem from the collective disposal of labor by its members. The disallowance of expenses totaling Rs. 4,71,900 and the levy of interest under sections 234B and 234C were also affirmed. The principle of consistency and res judicata was deemed inapplicable in this case. Case-Laws Income Tax Wed, 28 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270840