https://www.taxtmi.com/caselaws?id=428662 The appeal was partly allowed for statistical purposes. The disallowance under Section 14A of the Income Tax Act was deleted as Rule 8D was not applicable for the relevant assessment year. Disallowances for audit fees and contribution to gratuity fund were also deleted based on timely payments and legal precedents. However, disallowances for pay arrears were deleted as the liability was deemed crystallized. The Tribunal upheld the denial of deduction under Section 80P for a cooperative society. The Tribunal restored the issue of provision for fraud for further verification. en-us Wed, 21 Sep 2022 00:00:00 +0530 Thu, 06 Oct 2022 12:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428662 The appeal was partly allowed for statistical purposes. The disallowance under Section 14A of the Income Tax Act was deleted as Rule 8D was not applicable for the relevant assessment year. Disallowances for audit fees and contribution to gratuity fund were also deleted based on timely payments and legal precedents. However, disallowances for pay arrears were deleted as the liability was deemed crystallized. The Tribunal upheld the denial of deduction under Section 80P for a cooperative society. The Tribunal restored the issue of provision for fraud for further verification. Case-Laws Income Tax Wed, 21 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428662