https://www.taxtmi.com/caselaws?id=439155 The appeals filed by the Assessee for the Assessment Years 2017-18 and 2018-19 were dismissed by the Tribunal. The disallowance of the deduction claimed under Section 80P for interest income from the Petrol Pump branch business was upheld, as the activities of the Pump Division were deemed taxable and not eligible for the deduction. The Tribunal found that the transactions between divisions did not align with the requirements of Section 80P. en-us Wed, 14 Jun 2023 00:00:00 +0530 Sat, 17 Jun 2023 08:12:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439155 The appeals filed by the Assessee for the Assessment Years 2017-18 and 2018-19 were dismissed by the Tribunal. The disallowance of the deduction claimed under Section 80P for interest income from the Petrol Pump branch business was upheld, as the activities of the Pump Division were deemed taxable and not eligible for the deduction. The Tribunal found that the transactions between divisions did not align with the requirements of Section 80P. Case-Laws Income Tax Wed, 14 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439155