https://www.taxtmi.com/caselaws?id=427351 The Tribunal allowed the appeals of the assessee, directing the AO to allow the deductions under Sec. 80P as claimed, subject to verification and proportionate adjustments. The decisions in similar previous cases were applied to ensure consistency in legal principles, allowing deductions for interest income, income from paddy procurement, profit from PDS activities, and dividend income from a co-operative bank. The Tribunal's decision impliedly supported allowing deductions for miscellaneous income and entry fee receipts under Sec. 80P as well. en-us Mon, 29 Aug 2022 00:00:00 +0530 Wed, 07 Sep 2022 06:46:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427351 The Tribunal allowed the appeals of the assessee, directing the AO to allow the deductions under Sec. 80P as claimed, subject to verification and proportionate adjustments. The decisions in similar previous cases were applied to ensure consistency in legal principles, allowing deductions for interest income, income from paddy procurement, profit from PDS activities, and dividend income from a co-operative bank. The Tribunal's decision impliedly supported allowing deductions for miscellaneous income and entry fee receipts under Sec. 80P as well. Case-Laws Income Tax Mon, 29 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427351