Income earned from Commercial Activity can’t be claimed as a Deduction u/s 80P of Income Tax Act: ITAT dismisses Appeal [Read Order]

By Sunayana Dhal - On July 6, 2023 7:30 am - 2 mins read
ITAT - Deduction - Income Tax Act - Income - Income earned from Commercial Activity - income tax - taxscan

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that the income earned from commercial activity cannot be claimed as a deduction under Section 80P of the Income Tax Act, 1961. The assessee, Jetalpur Seva Sahkari Mandali Ltd. filed a return of income for the Assessment year 2017-18 declaring a total income of…

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