SAHKARI GANNA VIKAS SAMITI LIMITED RUPAPUR,HARDOI vs. THE INCOME TAX DEPARTMENT/NFAC, ACIT, SITAPUR
In the result, the appeal of the assessee is allowed for statistical purposes
ITA 663/LKW/2025[2018-19]Status: DisposedITAT Lucknow30 Jan 2026AY 2018-19
For Appellant: Sh. K.R. Rastogi, C.AFor Respondent: Sh. Koushlendra Tiwari, CIT DR
Section 143(2)Section 143(3)Section 250Section 56Section 80PSection 80P(2)(a)
282 (SC), since it was not attributable to the activities of the society and since the deduction under section 80P(2)(a) was only available to the, ‘operational income’ of the business.
Relying upon the said decision, he refused to allow this interest of Rs. 39,93,216/- as a deduction under section 80P(2