https://www.taxtmi.com/caselaws?id=769705 INCOME TAX TRIBUNAL CASE SUMMARYThe SC/Tribunal addressed three key issues involving tax deductions for a cooperative society. The court upheld disallowances of prize expense and bad debt provisions under section 28 of Income Tax Act. Despite these disallowances increasing taxable income, the tribunal ruled the assessee suffered no prejudice due to complete exemption under section 80P. The appeal was consequently dismissed, with no material impact on the society's overall tax liability. en-us Mon, 28 Apr 2025 00:00:00 +0530 Wed, 30 Apr 2025 08:38:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769705 INCOME TAX TRIBUNAL CASE SUMMARYThe SC/Tribunal addressed three key issues involving tax deductions for a cooperative society. The court upheld disallowances of prize expense and bad debt provisions under section 28 of Income Tax Act. Despite these disallowances increasing taxable income, the tribunal ruled the assessee suffered no prejudice due to complete exemption under section 80P. The appeal was consequently dismissed, with no material impact on the society's overall tax liability. Case-Laws Income Tax Mon, 28 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769705