https://www.taxtmi.com/caselaws?id=394206 The Tribunal partially favored the cooperative society assessee in a tax dispute. Regarding the disallowance under section 80P(2)(IV) for seed sales, the Tribunal confirmed the excess claim but allowed a 20% relief based on a previous ruling. For the disallowance under section 14A due to exempt dividend income, the Tribunal held that section 14A did not apply as investments were made from own funds, directing the AO to restrict the disallowance to the extent of the exempt income earned. en-us Mon, 27 Jan 2020 00:00:00 +0530 Fri, 03 Apr 2020 13:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394206 The Tribunal partially favored the cooperative society assessee in a tax dispute. Regarding the disallowance under section 80P(2)(IV) for seed sales, the Tribunal confirmed the excess claim but allowed a 20% relief based on a previous ruling. For the disallowance under section 14A due to exempt dividend income, the Tribunal held that section 14A did not apply as investments were made from own funds, directing the AO to restrict the disallowance to the extent of the exempt income earned. Case-Laws Income Tax Mon, 27 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394206