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2020 (3) TMI 46 - AT - Income TaxDeduction u/s 80P(2)(a)(i) - assessee is a Co-operative Society registered under the Karnataka Souharda Sahakari Act, 1997 - HELD THAT:- As decided in the case of M/s.Sindhu Credit Souharda Sahakari Niyamita v. ITO [2019 (12) TMI 1277 - ITAT BANGALORE] Assessee’s claim regarding deduction u/s. 80P(2)(a)(i) cannot be rejected on this basis that assessee is a Souharda Sahakari and therefore, cannot be regarded as a co-operative society. But after holding so, set aside the order of CIT(A) and restore the matter back to the AO for fresh decision regarding allowability of deduction u/s. 80P(2)(a)(i) after examining other conditions for allowing such deduction because those conditions are not examined by the AO till now. - Appeal filed by the assessee is allowed for statistical purposes.
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