https://www.taxtmi.com/caselaws?id=376364 The Tribunal ruled in favor of the appellant Credit Society, allowing the appeal and granting relief under section 80P of the Income Tax Act. The Tribunal held that the commission income from MSEB should be considered exempt for the purpose of deduction under section 80P, following legal precedents and emphasizing the nature of the income as part of the appellant's business activity. The decision was based on established legal principles and previous judgments, ultimately allowing the appellant's claim and pronouncing the order on March 1, 2019. en-us Fri, 01 Mar 2019 00:00:00 +0530 Thu, 07 Mar 2019 08:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376364 The Tribunal ruled in favor of the appellant Credit Society, allowing the appeal and granting relief under section 80P of the Income Tax Act. The Tribunal held that the commission income from MSEB should be considered exempt for the purpose of deduction under section 80P, following legal precedents and emphasizing the nature of the income as part of the appellant's business activity. The decision was based on established legal principles and previous judgments, ultimately allowing the appellant's claim and pronouncing the order on March 1, 2019. Case-Laws Income Tax Fri, 01 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376364