Deduction Denied: Renting Surplus Space Doesn't Qualify for Section 80P Exemption; Rent Income Not Eligible for Deduction.

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....Denial of claim of deduction u/s. 80P - Letting out of surplus space in the building owned and used by the assessee is not such an activity falling under clause (c). The rent thus received by the assessee is not eligible for the exemption provided thereunder. - AT....