2021 (4) TMI 610

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....I.SREEJITH R.NAIR SMT.TELMA RAJU SRI.SANGEETH JOSEPH JACOB SMT.CHRISTINA ANNA PAUL FOR THE RESPONDENT : SC-SRI. JOSE JOSEPH JUDGMENT Dated this the 8th day of April 2021 The learned Standing Counsel takes notice for respondents. 2. Heard the learned counsel for the petitioner. She argues that the petitioner is the Primary Agricultural Cooperative Society which is entitled for deduction under S....

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....cut, reported in MANU/SC/0017/2021. It is further argued that this Court in series of judgments in similar matters have directed the appellate authority to decide the appeal without insisting the petitioners to pay of 20% of the demand. 4. The learned Standing Counsel appearing for the respondents submits that the petitioner ought to have preferred an application for stay in the pending appeal an....

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....ad liberally and reasonably, and if there is ambiguity, in favour of the Assessee. A deduction that is given without any reference to any restriction or limitation cannot be restricted or limited by implication, as is sought to be done by the Revenue in the present case by adding the word "agriculture" into Section 80P(2)(a)(i) when it is not there. Further, Section 80P(4) is to be read as a provi....