ITA Nos. 742 to 744/Coch/2023

Parties Involved

Facts Summary

The assessee, Vellikulangra Service Co-op. Bank Ltd., filed three appeals against the orders of the National Faceless Appeal Centre, Delhi, which confirmed the Assessing Officer's finding disallowing section 80P deduction claimed by the assessee. The appeals were heard by the Income Tax Appellate Tribunal, Cochin Bench, which found that the CIT(A)/NFAC had passed exparte orders without dealing with the relevant factual matrix of the issue as required by section 250(6) of the Income Tax Act, 1961. The Tribunal deemed it appropriate to restore the assessee's appeals to the CIT(A) for afresh adjudication in the interest of justice.…

Legal Issues

• 1. Disallowance of section 80P deduction

Judgment Outcome

Decided in favour of Assessee.

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