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2017 (3) TMI 1479 - AT - Income TaxEntitled to the benefit of deduction u/s 80P - belated filing of return of income - Held that:- It is not justified in denying the benefit of exemption u/s 80P of the Act on the mere ground of belated filing of return of income. See Chirakkal Service Co-Operative Bank Ltd. Versus The Commissioner of Income Tax [2016 (4) TMI 826 - KERALA HIGH COURT] The assessee, in the instant case, is a primary agricultural credit society registered under the Kerala Cooperative Societies Act, 1969. The certificate has been issued by the Registrar of Cooperative Societies to the above said effect and the same is on record. The Hon’ble High Court, in assessee’s own case and other batch of cases, had held that primary agricultural credit society, registered under the Kerala Cooperative Societies Act, 1969, is entitled to the benefit of deduction u/s 80P(2). Since there is a certificate issued by the Registrar of Cooperative Societies, stating that the assessee is a primary agricultural credit society, we hold that the assessee is entitled to the benefit of deduction u/s 80P(2) of the Act. - Decided in favour of assessee
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