Commission from Marketing Members’ Produce Eligible for 80P Deduction: ITAT Delhi

ITO Vs Maliyana Cooperative Cane Development Union (ITAT Delhi) Commission from Sugar Factory Eligible for Deduction – ITAT Upholds 80P(2)(a)(iii) Relief to Cooperative Society Revenue appealed against CIT(A)’s order allowing deduction u/s 80P(2)(a)(iii) on commission income earned by the Assessee-society from marketing sugarcane grown by its members. AO had denied the deduction treating ₹3.62 crore commission as “income from other sources”, relying on Totgars Co-operative Sale Society Ltd. v. ITO (2010) 188 Taxman 282 (SC). CIT(A) held that Totgars dealt with interest on surplus dep...