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2015 (4) TMI 1055 - ITAT MUMBAIRelief u/s 80P - assessee is a credit co-operative Society - CIT(A) allowed the assessee's appealallowing relief u/s 8OP - Held that:- The conclusion drawn by the ld. CIT(A) is in accordance with judgment of Hon’ble Gujarat High Court in the case of CIT vs. Jafari Momin Vikas Co. Op. Credit Society Ltd. [2014 (2) TMI 28 - GUJARAT HIGH COURT] as per CBDT Circular No. 133 of 2007 dated 9.5.2007 - Sub-section(4) of section 80P will not apply to an assessee which is not a co-operative bank - The respondent assessee is not a credit co-operative bank but a credit co-operative society - Exclusion clause of sub-section(4) of section 80P, would not apply to it. Also see CIT vs. Sri Biluru Gurubasava Pattina Sahakari Sangha Niyamitha [2015 (1) TMI 821 - KARNATAKA HIGH COURT] - Decided against Revenue.
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