https://www.taxtmi.com/caselaws?id=196229 The High Court dismissed the appeal and upheld the Tribunal's decision in favor of the co-operative society. The Court found that the additions made in the case were not revenue neutral, contrary to the Tribunal's ruling. It confirmed the eligibility of the assessee for deductions under section 80P(2) of the Income-tax Act, 1961, for activities conducted by the co-operative society. Additionally, deductions for actual payments towards leave encashment benefits and gratuity were allowed under section 80P without the need to comply with other sections cited by the Revenue. en-us Fri, 03 Feb 2017 00:00:00 +0530 Thu, 23 Nov 2017 11:28:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196229 The High Court dismissed the appeal and upheld the Tribunal's decision in favor of the co-operative society. The Court found that the additions made in the case were not revenue neutral, contrary to the Tribunal's ruling. It confirmed the eligibility of the assessee for deductions under section 80P(2) of the Income-tax Act, 1961, for activities conducted by the co-operative society. Additionally, deductions for actual payments towards leave encashment benefits and gratuity were allowed under section 80P without the need to comply with other sections cited by the Revenue. Case-Laws Income Tax Fri, 03 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196229