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2015 (11) TMI 1196 - AT - Income TaxEligibility to deduction under sec. 80P(2)(a)(i) - CIT(A) allowed the claim - Held that:- Commissioner of Income Tax (Appeals) has allowed the claim for deduction under sec. 80P(2)(a)(i) of the Act by following the decision of the Hon'ble Karnataka High Court in the case of CIT Vs. Sri Biluru Gurubasava Pattina Sahakari Sangha Niyamitha, Bagalkot [2015 (1) TMI 821 - KARNATAKA HIGH COURT ] wherein held that when the status of the assessee is a Co-operative society and is not a Co- operative bank, the order passed by the Assessing Authority extending the benefit of exemption from payment of tax under Section 80P(2)(a)(i) of the Act is correct. - Decided in favour of assessee.
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