https://www.taxtmi.com/caselaws?id=776904 ITAT AHMEDABAD held for the assessee and directed allowance of deduction under section 80P(2)(c)(ii) where the cooperative's accounts showed surplus after netting maintenance and other expenses. The Tribunal found revenue did not dispute income from activities other than milk supply and that the CIT(A) erred in denying the deduction; basic exemption principles applied to grant the statutory deduction to the cooperative. en-us Wed, 08 Jan 2025 00:00:00 +0530 Thu, 21 Aug 2025 08:35:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776904 ITAT AHMEDABAD held for the assessee and directed allowance of deduction under section 80P(2)(c)(ii) where the cooperative's accounts showed surplus after netting maintenance and other expenses. The Tribunal found revenue did not dispute income from activities other than milk supply and that the CIT(A) erred in denying the deduction; basic exemption principles applied to grant the statutory deduction to the cooperative. Case-Laws Income Tax Wed, 08 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776904