Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2023 (6) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2023 (6) TMI 729 - ITAT AHMEDABADDeduction u/s. 80P(2)(a) - receipt of interest income from the Pump Division of Mandali - HELD THAT:- As admitted position that the Pump Division of the assessee society is not carrying out the activities beneficial to its farmer members. The activities carried out by the Pump Division are fully taxable and not coming under the purview of Section 80P. Therefore, the present assessee’s case in respect of Pump Division has been rightly denied the deduction claimed under Section 80P of the Act by the Assessing Officer as well as by the CIT(A). Therefore, appeal of the assessee is dismissed.
|