Deduction u/s 80P eligible towards grants from West Bengal State Government to cooperative societies

Udyan Large Size Multipurpose Cooperative Society Limited Vs ITO (ITAT Kolkata) ITAT Kolkata held that grants from the West Bengal State Government to cooperative societies are not income from other sources and eligible for deduction under section 80P of the Income Tax Act, 1961. Facts- In the return of income filed on 26.03.20 18 for A.Y. 20 17-18, deduction under section 80P has been claimed at Rs.65,844/-. During the course of complete scrutiny under CASS, ld. Assessing Officer noticed that in the Profit & Loss Account, the assessee has claimed miscellaneous income of Rs.9,92,664.28. Th...