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2019 (6) TMI 614 - HC - Income TaxDeduction u/s 80P (2) - scope of introduction of sub-section (4) - provisions of this Section shall not apply in relation to any Co-operative Bank other than a Primary Agricultural Credit Society or a Primary Co-operative Agricultural and Rural Development Bank - Primary Agricultural Credit Society or a Co-operative Bank - if the assessee is having a valid registration u/s 8 of the KCS Act, the authorities under the IT Act have to extend the benefit of deduction provided u/s 80P by reason of sub-section (4) thereof, to such societies - HELD THAT:- Issue involved in this appeal stands covered through a Full Bench decision of this court in Mavilayi Service Co-operative Bank Ltd. V. Commissioner of Income Tax [2019 (3) TMI 1580 - KERALA HIGH COURT] The above appeal is hereby allowed and the impugned order passed by the Income Tax Appellate Tribunal in M/S. KIZHUVILLAM SERVICE CO-OPERATIVE BANK LIMITED, [2018 (9) TMI 1300 - ITAT COCHIN] is hereby set aside.
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