https://www.taxtmi.com/caselaws?id=281988 The tribunal allowed the appeal, emphasizing the need for a detailed comparison of facts between cases and sufficient opportunity for evidence presentation. It concluded that the judgment did not mandate disallowing deduction for income from nominal members if the majority of business was not conducted with them, as in the present case. The tribunal set aside the CIT (A) order and directed a fresh decision, highlighting the importance of a thorough analysis to determine the applicability of the judgment for deduction u/s 80P (2) (a) on interest income from nominal members. en-us Wed, 08 May 2019 00:00:00 +0530 Tue, 16 Jul 2019 07:43:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281988 The tribunal allowed the appeal, emphasizing the need for a detailed comparison of facts between cases and sufficient opportunity for evidence presentation. It concluded that the judgment did not mandate disallowing deduction for income from nominal members if the majority of business was not conducted with them, as in the present case. The tribunal set aside the CIT (A) order and directed a fresh decision, highlighting the importance of a thorough analysis to determine the applicability of the judgment for deduction u/s 80P (2) (a) on interest income from nominal members. Case-Laws Income Tax Wed, 08 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281988