https://www.taxtmi.com/caselaws?id=412279 The Tribunal allowed the appeals filed by the assessees, holding that the business of the assessee-society was one and indivisible, and common overhead expenses should not be apportioned to determine the net income from specified activities. The Tribunal followed the binding judgment of the Gujarat High Court, which supported the assessee's claim for deduction on the gross income without apportioning common expenses. The appeals were allowed, directing the AO to allow the deduction under Section 80P as claimed by the assessees. en-us Tue, 07 Sep 2021 00:00:00 +0530 Tue, 14 Sep 2021 10:48:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412279 The Tribunal allowed the appeals filed by the assessees, holding that the business of the assessee-society was one and indivisible, and common overhead expenses should not be apportioned to determine the net income from specified activities. The Tribunal followed the binding judgment of the Gujarat High Court, which supported the assessee's claim for deduction on the gross income without apportioning common expenses. The appeals were allowed, directing the AO to allow the deduction under Section 80P as claimed by the assessees. Case-Laws Income Tax Tue, 07 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412279