https://www.taxtmi.com/caselaws?id=791798 A co-operative society eligible for deduction under section 80P can claim that deduction on enhanced profits arising from a disallowance of delayed employees' PF/ESI contributions under section 36(1)(va) read with section 2(24)(x). The added back amount was treated as increasing the society's business profits, and the principle reflected in CBDT Circular No. 37/2016 was applied that Chapter VI-A deductions remain available on such enhanced profits. Deduction under section 80P was therefore allowable on the revised income, and the disallowance was deleted. en-us Tue, 12 May 2026 00:00:00 +0530 Mon, 18 May 2026 08:40:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791798 A co-operative society eligible for deduction under section 80P can claim that deduction on enhanced profits arising from a disallowance of delayed employees' PF/ESI contributions under section 36(1)(va) read with section 2(24)(x). The added back amount was treated as increasing the society's business profits, and the principle reflected in CBDT Circular No. 37/2016 was applied that Chapter VI-A deductions remain available on such enhanced profits. Deduction under section 80P was therefore allowable on the revised income, and the disallowance was deleted. Case-Laws Income Tax Tue, 12 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791798