https://www.taxtmi.com/caselaws?id=437463 The Tribunal allowed the appeal of the assessee, setting aside the order of the ld. CIT(A), and directed the AO to delete the additions made against the assessee in the assessment order. The income derived from transactions related to giving loans to members and miscellaneous receipts received from members was found eligible for deduction u/s 80P, benefiting the members of the assessee. Additionally, income from staff welfare fund and miscellaneous services provided to members was also considered eligible for deduction u/s 80P, resulting in the deletion of the additions made as income from other sources. en-us Fri, 31 Mar 2023 00:00:00 +0530 Sat, 06 May 2023 10:09:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437463 The Tribunal allowed the appeal of the assessee, setting aside the order of the ld. CIT(A), and directed the AO to delete the additions made against the assessee in the assessment order. The income derived from transactions related to giving loans to members and miscellaneous receipts received from members was found eligible for deduction u/s 80P, benefiting the members of the assessee. Additionally, income from staff welfare fund and miscellaneous services provided to members was also considered eligible for deduction u/s 80P, resulting in the deletion of the additions made as income from other sources. Case-Laws Income Tax Fri, 31 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437463