https://www.taxtmi.com/caselaws?id=299073 The Tribunal upheld the CIT(A)'s decision, allowing the full deduction claimed by the assessee under Section 80P(2)(d) on the net income of Rs. 1,40,52,159/-. It found no direct or indirect expenses related to the income from co-operative society investments, rejecting the AO's prorated disallowance. The Tribunal dismissed the Revenue's appeal, emphasizing the lack of nexus between interest expenses and income from investments, affirming the assessee's claim in accordance with the law. en-us Thu, 28 Jun 2018 00:00:00 +0530 Fri, 03 Dec 2021 08:59:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299073 The Tribunal upheld the CIT(A)'s decision, allowing the full deduction claimed by the assessee under Section 80P(2)(d) on the net income of Rs. 1,40,52,159/-. It found no direct or indirect expenses related to the income from co-operative society investments, rejecting the AO's prorated disallowance. The Tribunal dismissed the Revenue's appeal, emphasizing the lack of nexus between interest expenses and income from investments, affirming the assessee's claim in accordance with the law. Case-Laws Income Tax Thu, 28 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299073