Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2022 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2022 (8) TMI 1075 - AT - Income TaxRevision u/s 263 - allowability of deduction u/s. 80P(2)(d) - HELD THAT:- As relying on THE SARDAR PATEL CO-OPERATIVE CREDIT SOCIETY LIMITED [2022 (6) TMI 843 - ITAT AHMEDABAD] wherein held a similar issue involving identical facts and circumstances has been decided by the Tribunal in favour of the assessee and even the learned DR has not been able to dispute this position. We, therefore, follow the said decision of the Coordinate Bench of this Tribunal in case of the People Co-op. Credit Society Ltd. [2022 (3) TMI 71 - ITAT AHMEDABAD] and set aside the impugned order passed by the PCIT under Section 263 of the Act restoring that of the Assessing Officer passed u/s 143(3) of the Act. - Decided in favour of assessee.
|