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2022 (4) TMI 380 - ITAT VARANASIExemption u/s 80P - income of the assessee included income from letting of godown - HELD THAT:- Assessee is cooperative society and it claimed NIL income after claiming exemption u/s 80P of the Act. The income of the assessee included various heads of income including transportation and rent. However, the activities in which the assessee is engaged is not coming out of the records. Clause a to f relates to various types of cooperative societies on the basis of their working and against which there is exemption of various classes of income. Therefore, we deem it appropriate to remit the matter back to AO who after verifying the nature of activities of the assessee will reexamine the claim of the assessee and will allow the same in accordance with law. Appeal of the assessee is allowed for statistical purposes.
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