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2005 (12) TMI 65 - HC - Income TaxDeduction under section 80P(2)(a)(iv) - assessee is a registered co-operative society deriving income from dividend, interest and from its trading activities - "Whether, Tribunal is right in directing the Income-tax Officer to allow deduction under section 80P(2)(a)(iv) as claimed by the assessee on the gross income and not on the net income as worked out by the Income-tax Officer?" The assessment year is 1981-82 and the relevant accounting period is the year that ended on June 30, 1980. - question referred is answered in the affirmative, that is, in favour of the assessee and against the Revenue
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