https://www.taxtmi.com/caselaws?id=301181 The Tribunal allowed the assessee's appeal partially, granting deductions under section 80P for Locker Rent and Commission on MSEB Bill Collection. Actual/proportionate expenses for Ambulance Rent and Health Club Fees were permitted. The Revenue's appeal challenging the deduction for interest earned on fixed deposits was dismissed due to low tax effect. The assessee's ground regarding Rent from Property was not pressed and thus dismissed. The Tribunal reiterated the eligibility of income from Locker Rent for deduction under section 80P and allowed deductions for business activities like MSEB Commission under the same section. en-us Thu, 31 Mar 2016 00:00:00 +0530 Thu, 17 Mar 2022 08:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301181 The Tribunal allowed the assessee's appeal partially, granting deductions under section 80P for Locker Rent and Commission on MSEB Bill Collection. Actual/proportionate expenses for Ambulance Rent and Health Club Fees were permitted. The Revenue's appeal challenging the deduction for interest earned on fixed deposits was dismissed due to low tax effect. The assessee's ground regarding Rent from Property was not pressed and thus dismissed. The Tribunal reiterated the eligibility of income from Locker Rent for deduction under section 80P and allowed deductions for business activities like MSEB Commission under the same section. Case-Laws Income Tax Thu, 31 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301181