https://www.taxtmi.com/caselaws?id=781838 ITAT Kolkata dismissed the Revenue's appeal and upheld the order of CIT(A) in full. It confirmed deduction u/s 80P, holding there was no material to show income from loans or credit facilities to non-members, as established through the AO's remand report. The addition u/s 69A for unexplained cash deposits was also deleted, since remand verification of day book, cash book, sales register, and bank statements showed all cash sales and member receipts were duly recorded. Further, disallowance of provision for overdue interest was reversed, as the provision was held to be in accordance with the Act. en-us Thu, 16 Oct 2025 00:00:00 +0530 Fri, 21 Nov 2025 08:42:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781838 ITAT Kolkata dismissed the Revenue's appeal and upheld the order of CIT(A) in full. It confirmed deduction u/s 80P, holding there was no material to show income from loans or credit facilities to non-members, as established through the AO's remand report. The addition u/s 69A for unexplained cash deposits was also deleted, since remand verification of day book, cash book, sales register, and bank statements showed all cash sales and member receipts were duly recorded. Further, disallowance of provision for overdue interest was reversed, as the provision was held to be in accordance with the Act. Case-Laws Income Tax Thu, 16 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781838