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2021 (10) TMI 100 - AT - Income TaxDeduction u/s. 80P(2)(a)(iii) - contention of AR that assessee earned commission from marketing agricultural produce which is eligible business and entitled for deduction u/s. 80P(2)(a)(iii) - HELD THAT:- As in this case, the assessee has not maintained separate books for each activity carried out by it. The assessee purchased and sold arecanut from members and non-members and also earned income from members and derived commission income from trading activity also - contention of the ld. AR is that the CIT(Appeals) arbitrarily adopted the figures for determining deduction u/s. 80P(2)(a)(iii) of the Act. As per assessee an opportunity may be given to present the correct figures so as to determine proper deduction u/s. 80P(2)(a)(iii) of the Act thus in the interest of justice it is appropriate to remit this issue to the AO only for the purpose of quantification of deduction u/s. 80P(2)(a)(iii) of the Act, after going through the books of account of the assessee - Appeals by the assessee are partly allowed for statistical purposes.
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