https://www.taxtmi.com/caselaws?id=279164 The Tribunal held that the assessee is not entitled to deduction u/s 80P for rental receipts from the excess portion of a building used for providing credit facilities to members. The Tribunal determined that as providing credit facilities is the core activity and the rental income is assessable under "income from house property," it does not qualify for deductions under u/s 80P(2)(a)(i) or u/s 80P(2)(c)(ii). Therefore, the appeal was dismissed, and the requested deductions were not granted. en-us Fri, 26 Aug 2011 00:00:00 +0530 Wed, 06 Mar 2019 15:42:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279164 The Tribunal held that the assessee is not entitled to deduction u/s 80P for rental receipts from the excess portion of a building used for providing credit facilities to members. The Tribunal determined that as providing credit facilities is the core activity and the rental income is assessable under "income from house property," it does not qualify for deductions under u/s 80P(2)(a)(i) or u/s 80P(2)(c)(ii). Therefore, the appeal was dismissed, and the requested deductions were not granted. Case-Laws Income Tax Fri, 26 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279164