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2016 (7) TMI 823 - ITAT AHMEDABADDeduction under section 80P denied - Held that:- CIT(A) in the Asstt.Year 2007-08 was of the view that deduction under section 80P would not be admissible on the profit arisen to the assessee on trading of nonagriculture items, either sold to its members or non-members. This deduction was not allowable, and not claimed. On this premise, the ld.CIT(A) has decided the issue. This aspect was brought to the notice of the ld.CIT(A) in the present assessment year also, but no cognizance was taken. Faced with this situation, I set aside both the orders and restore this issue to the file of the AO for re-adjudication. The ld.AO shall examine the facts in the light of the Tribunal’s order passed in the Asstt.Year 2007-08.
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