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2014 (9) TMI 1161 - KARNATAKA HIGH COURTRevision u/s 263 - assessee is not a Co-operative Bank and Section 80P(4) has no application - Tribunal set aside order u/s 263 denying benefit of exemption granted - Held that:- Order liable to be set aside and the matter requires to be reconsidered by respondent No.2 in the light of the judgment rendered by a Division Bench of this Court in [2015 (1) TMI 821 - KARNATAKA HIGH COURT] The matter is remitted to respondent no.2-Commissioner of Income-Tax for reconsideration in accordance with law and in the light of the judgment of the Division Bench referred to above. All contentions of both the parties are kept open.
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