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2019 (8) TMI 452 - AT - Income TaxDenial of deduction u/s 80P(2) - allegation that assessee was engaged in transacting in banking business and thus it is a primary cooperative bank and does not form the second category of co-operative credit societies - HELD THAT:- Respectfully following the decisions of the Co-ordinate Bench in the assessee’s own case for Assessment Year 2012-13 [2018 (10) TMI 1028 - ITAT BANGALORE] restore the matter to the file of the AO for re-examination / re-adjudication of the assessee’s claim for deduction under section 80P(2), for the 4 Assessment Years involved, i.e., Assessment Years 2011-12, 2013-14, 2015-16 and 2016-17; in the light of the directions / observations issued by the earlier Co-ordinate Bench in the case of Udaya Souharda Credit Co-operative Society Ltd., Vs. ITO [2018 (8) TMI 1063 - ITAT BANGALORE] as to whether or not the assessee is entitled to deduction under section 80P(2). It is accordingly ordered. Assessee’s appeals allowed for statistical purposes.
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