https://www.taxtmi.com/caselaws?id=392173 The Tribunal allowed the appeal of a Labor Contract Cooperative Society, holding it eligible for deduction under section 80P of the Income Tax Act. The Tribunal directed the Assessing Officer to allow the deduction based on engaging in civil contracts with labor activities, following a precedent set by the Kerala High Court. Additionally, the Tribunal deemed the income estimated on the difference in gross receipts as eligible for deduction under section 80P(2)(vi) of the Act, emphasizing the significance of contract nature in determining tax benefits and relying on legal precedents. en-us Wed, 12 Feb 2020 00:00:00 +0530 Thu, 13 Feb 2020 16:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392173 The Tribunal allowed the appeal of a Labor Contract Cooperative Society, holding it eligible for deduction under section 80P of the Income Tax Act. The Tribunal directed the Assessing Officer to allow the deduction based on engaging in civil contracts with labor activities, following a precedent set by the Kerala High Court. Additionally, the Tribunal deemed the income estimated on the difference in gross receipts as eligible for deduction under section 80P(2)(vi) of the Act, emphasizing the significance of contract nature in determining tax benefits and relying on legal precedents. Case-Laws Income Tax Wed, 12 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392173