ITA 2073/BANG/2026 SRI VINAYAKA CREDIT CO-OPERATIVE SOCIETY LIMITED

Parties Involved

Facts Summary

The assessee, SRI VINAYAKA CREDIT CO-OPERATIVE SOCIETY LIMITED, filed an appeal against the order dated 27/02/2026 passed by the learned Additional/Joint Commissioner of Income Tax (Appeals)-4, Delhi, for the assessment year 2014-15. The assessee claimed a deduction under section 80P(2)(a)(i) of the Income Tax Act, 1961, which was disallowed by the Assessing Officer. The assessee appealed this decision to the learned CIT(A), who dismissed the appeal on the ground of delay. The assessee then appealed to the Income Tax Appellate Tribunal, Bangalore Bench. The Tribunal found that the assessee had a reasonable cause for the delay and allowed the appeal.…

Legal Issues

• 1. Whether the assessee is entitled to the deduction claimed under section 80P(2)(a)(i) of the Act?
• 2. Whether the Tribunal should remand the matter to the CIT(A)?

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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