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2022 (6) TMI 840 - AT - Income TaxDeduction u/s.80P(2)(a)(i) - assessee society is a registered co-operative society under the Tamil Nadu Co-operative Societies Act, 1961 - CIT(A) deleted the addition and allowed the claim of deduction - HELD THAT:- Even this issue is now covered by the Co-ordinate Bench decision in the case of Tamilnadu Co-operative State Agriculture and Rural Development Bank Limited [2022 (6) TMI 770 - ITAT CHENNAI] wherein following the decision of Hon’ble Supreme Court in the case of The Mavilayi Service Co-operative Bank Ltd., Mavilayi Service Co-operative Bank Ltd., vs. CIT, [2021 (1) TMI 488 - SUPREME COURT] decided both the issues raised by AO. Respectfully following the same, we allow the claim of deduction u/s.80P(2) of the Act. Accordingly, the appeal of the Revenue is dismissed.
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