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2019 (9) TMI 815 - MADRAS HIGH COURTEntitlement to deduction u/s 80P - whether the petitioners' Society is entitled to deduction under Section 80(P)? - HELD THAT:- There is no dispute to the fact that the Division Bench of this Court in NO. 3324, NERINJIPETTAI PRIMARY AGRICULTURAL COOPERATIVE CREDIT SOCIETY LTD. VERSUS THE INCOME TAX OFFICER, WARD-2 (1) , ERODE DISTRICT [2019 (7) TMI 389 - MADRAS HIGH COURT] has answered on such question in favour of the Society. However, it is stated that the said order of the Division Bench is put to challenge before the Apex Court where the matter is pending in SLP The respondents shall keep the impugned assessment orders in abeyance till the disposal of the above S.L.P. by the Apex Court. It is open to either party to work out their remedy/action, subject to the outcome of the aforesaid S.L.P.
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