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2021 (4) TMI 459 - AT - Income TaxDenial of deduction under section 80P(2)(a)(i) - assessee being a bank is not entitled for deduction under section 80P(2)(a)(i) of the Act by placing reliance on the judgment of Citizen Co-operative Society Ltd [2017 (8) TMI 536 - SUPREME COURT] -.HELD THAT:- The issue is squarely covered in case of M/S. SAPTAGIRI PATTINA SOUHARDA SAHKARI NIYAMITHA [2020 (2) TMI 155 - ITAT BANGALORE] wherein held that entities registered under the Karnataka Souharda Sahakari Act, 1997 fit into the definition of "co-operative society" as enacted in sec.2(19) of the Income Tax Act, 1961, and therefore, subject to all just exceptions, petitioners are entitled to stake their claim for the benefit of sec.80P - Decided in favour of assessee.
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