https://www.taxtmi.com/caselaws?id=433412 The Tribunal upheld the Ld. CIT(A)'s decision to allow deductions under section 80P(2) of the IT Act, 1961 for the assessee society. The Tribunal dismissed the Revenue's appeal, affirming the eligibility of specific deductions for various receipts related to marketing agricultural produce and commission income. It found the Ld. CIT(A)'s directions regarding verification of grants and distribution to members to be appropriate, maintaining consistency with past decisions. The Tribunal concluded that the Ld. CIT(A) correctly applied the law and dismissed the Revenue's appeal. en-us Fri, 27 Jan 2023 00:00:00 +0530 Mon, 30 Jan 2023 08:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433412 The Tribunal upheld the Ld. CIT(A)'s decision to allow deductions under section 80P(2) of the IT Act, 1961 for the assessee society. The Tribunal dismissed the Revenue's appeal, affirming the eligibility of specific deductions for various receipts related to marketing agricultural produce and commission income. It found the Ld. CIT(A)'s directions regarding verification of grants and distribution to members to be appropriate, maintaining consistency with past decisions. The Tribunal concluded that the Ld. CIT(A) correctly applied the law and dismissed the Revenue's appeal. Case-Laws Income Tax Fri, 27 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433412