https://www.taxtmi.com/caselaws?id=472474 Disallowance of printing expenditure increases regular business profits, and the resulting enhanced profits remain eligible for the applicable Chapter VI-A deduction under CBDT Circular No. 37/2016. Where eligibility for deduction under Section 80P is undisputed, a disallowance under Section 40(a)(ia) does not provide a sustainable basis for denying the corresponding deduction. The enhanced business income therefore continues to qualify for the cooperative-society deduction. en-us Fri, 20 Jan 2023 00:00:00 +0530 Tue, 13 Oct 2026 18:20:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472474 Disallowance of printing expenditure increases regular business profits, and the resulting enhanced profits remain eligible for the applicable Chapter VI-A deduction under CBDT Circular No. 37/2016. Where eligibility for deduction under Section 80P is undisputed, a disallowance under Section 40(a)(ia) does not provide a sustainable basis for denying the corresponding deduction. The enhanced business income therefore continues to qualify for the cooperative-society deduction. Case-Laws Income Tax Fri, 20 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472474