The Revenue filed appeals before the Income Tax Appellate Tribunal, Chennai A Bench in short the Tribunal which dismissed the appeals.
The Commissioner of Income Tax Appeals following the earlier orders, allowed the appeal.
The assessing officer negatived the claim on the ground that the income reflected by the assessee can neither be attributed to actual labour of the members number can be treated as arising out of companylective disposal of its labour.
This companyfusion appears to have arisen because the High Court mixed up the factual position of some other case which related to credit society engaged in Banking.Dr. ARIJIT PASAYAT, J. Leave granted.
In the instant appeal, challenge is to the judgment of a Division Bench of the Madras High Court dismissing the appeals filed under Section 260 A of the Income Tax Act, 1961 in short the Act .
The issue related to the claim of deduction made by the respondent under Section 80P 2 a i of the Act.
