Narration used in loan extracts in audit report not final proof to hold that loan wasn’t agricultural in nature: ITAT

INCOME TAX : Where Assessing Officer denied assessee's claim of deduction under section 80P for reason that assessee was essentially doing business of banking and disbursement of agricultural loans by it was only minuscule as per narration in loan extracts in audit reports, since narration in loan extracts in audit reports by itself may not be conclusive to prove whether loan was agricultural or non-agricultural,

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