2008 (9) TMI 2

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... treated as arising out of collective disposal of its labour - High Court failed to notice that the profit earned by the Society in executing the work was retained by the members themselves – decision of HC is raising confusion – matter remanded to HC - 5497 OF 2008 - - - Dated:- 4-9-2008 - JUDGMENT Dr. ARIJIT PASAYAT, J. 1. Leave granted. 2. In the instant appeal, challenge is to the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... d rightly observed that the claim of deduction in terms of Section 80P(a)(i) is not allowable. Unfortunately, the Commissioner (Appeals) and the Tribunal held otherwise. The High Court failed to notice that the profit earned by the Society in executing the work was retained by the members themselves. 4. There is no appearance on behalf of the assessee in spite of service of notice. 5. The High .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X