2023 (7) TMI 856

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..... ENCH : These assessee's twin appeals ITA.Nos.228 & 214/PAN./2019, for assessment years 2015-2016 & 2016- 2017, arise against the CIT(A), Mangaluru's separate orders passed in case no.10423/MNG/CIT(A)MNG/17-18 and in case no.10423/MNG/CIT(A)MNG/18-19, dated 19.03.2019 and 08.03.2019, respectively, involving proceedings u/sec.143(3) of the Income Tax Act, 1961 (in short "the Act"). Heard both the .....

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..... to the assessee. He could hardly dispute that their lordships' subsequent landmark decision in Mavilayi Service Co-operative Bank Ltd., vs. CIT [2021] 431 ITR 1 (SC) has settled the law that such a reason of an assessee having nominal members as well would hardly disentitle it for the impugned sec. 80P(2)(a)(i) deduction. Faced with the situation, we accept the assessee's instant identical sole s .....

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