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2021 (5) TMI 533 - AT - Income TaxDeduction u/s 80P - HELD THAT:- We noted that in assessee’s own case the Hon'ble Bombay High Court [2017 (3) TMI 1799 - BOMBAY HIGH COURT] relying upon the judgment of co-ordinate bench in the case of Quepem Urban Co-operative Credit Society Ltd V/s ACIT, [2015 (6) TMI 573 - BOMBAY HIGH COURT] has held that the assessee-society is not a co-operative bank and hence entitled for deduction under Section 80P of the Act. Once the Hon'ble Bombay High Court has considered the issue and nothing new was argued before us, we are of the view that the CIT(A) has rightly allowed the claim of deduction under Section 80P of the Act. Accordingly, we confirm the order of CIT(A) and the appeal of Revenue is dismissed.
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