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2019 (5) TMI 1124 - AT - Income TaxDenial of deduction u/s 80P(2) - no return of income was filed by the assessee - HELD THAT:- Hon’ble jurisdictional High Court in the case of Chirakkal Service Co-operative Bank Ltd. [2016 (4) TMI 826 - KERALA HIGH COURT] held that the return of income whether filed belatedly before the appellate authority has to be considered for claiming deduction u/s 80P(2) Thus the issue of deduction u/s 80P(2)(a)(i) is restored to the Assessing Officer. The Assessing Officer shall examine the activities of the assessee and determine whether its activities are in compliance with the activities of a cooperative society functioning under the Kerala Co-operative Societies Act, 1969 and grant deduction u/s 80P(2) of the I.T.Act in accordance with law. - Appeals filed by the assessee are allowed for statistical purposes
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