https://www.taxtmi.com/caselaws?id=413918 Section 80P deduction must be tested on the factual nature of the assessee's activities, not merely on its registration or classification as a society. The assessing authority must examine the books of account and identify which income is eligible for deduction and which income, if any, falls outside the deductible activity. Applying the Supreme Court's interpretation in Mavilayi, the prior assessment and appellate orders were set aside because the accounts had not been properly verified. The matter was remitted for fresh assessment after examining the books and return in accordance with law. en-us Tue, 16 Mar 2021 00:00:00 +0530 Sat, 23 Oct 2021 07:54:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413918 Section 80P deduction must be tested on the factual nature of the assessee's activities, not merely on its registration or classification as a society. The assessing authority must examine the books of account and identify which income is eligible for deduction and which income, if any, falls outside the deductible activity. Applying the Supreme Court's interpretation in Mavilayi, the prior assessment and appellate orders were set aside because the accounts had not been properly verified. The matter was remitted for fresh assessment after examining the books and return in accordance with law. Case-Laws Income Tax Tue, 16 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413918