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2022 (5) TMI 413 - AT - Income TaxRevision u/s 263 - deduction u/s 80P(2)(a)(i) - HELD THAT:- As relying on M/S. KAKKABE VSSN BANK LTD. VERSUS THE PRINCIPAL COMMISSIONER OF INCOME-TAX, MYSORE [2022 (2) TMI 1230 - ITAT BANGALORE] we remand the case back to the AO to carry out de novo verification on the issues considered by the PCIT in the impugned order in the light of the principle laid down by the Hon’ble Supreme Court in the case of Mavilayi Services Cooperative Bank Ltd., [2021 (1) TMI 488 - SUPREME COURT] and provide reasonable opportunity of being heard to the assessee . The assessee is directed to file the required documents before the AO and extend full cooperation to the AO. Appeal by the assessee is allowed for statistical purpose.
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