Commission earned from sugar mills is business income hence eligible for deduction u/s. 80P

ITO Vs Cooperative Cane Development Union Ltd (ITAT Lucknow)

ITAT Lucknow held that commission earned by Cane Development Councils or Cooperative Cane Development Unions from sugar mills on supply of sugar cane is business income and hence eligible for deduction under section 80P of the Income Tax Act.

Facts- Revenue has preferred the present appeal mainly contesting that whether the Ld. CIT(A) was right, without giving a finding of facts, of efforts made in earning “commission” from sugar mills on sugarcane independently supplied by sugarcane gr

Please become a Premium member. If you are already a Premium member, login here to access the full content.