https://www.taxtmi.com/caselaws?id=450312 The ITAT PUNE ruled in favor of the assessee regarding deduction under section 80P(2)(a)(i) for interest derived from cooperative societies and nationalized/scheduled banks. Following precedent from Rena Sahakari Sakhar Karkhana Ltd, the tribunal held that commission income on bill collection from MSEDCL qualifies for deduction under section 80P(2)(a) as it constitutes business activity, thereby accepting the assessee's section 80P(2)(d) deduction claim. en-us Wed, 28 Feb 2024 00:00:00 +0530 Sat, 02 Mar 2024 07:24:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450312 The ITAT PUNE ruled in favor of the assessee regarding deduction under section 80P(2)(a)(i) for interest derived from cooperative societies and nationalized/scheduled banks. Following precedent from Rena Sahakari Sakhar Karkhana Ltd, the tribunal held that commission income on bill collection from MSEDCL qualifies for deduction under section 80P(2)(a) as it constitutes business activity, thereby accepting the assessee's section 80P(2)(d) deduction claim. Case-Laws Income Tax Wed, 28 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450312