Kannur District Police Cooperative Society vs. The Income Tax Officer

Parties Involved

Facts Summary

The assessee, Kannur District Police Cooperative Society, filed an appeal against the order of the Commissioner of Income Tax (Appeals) - National Faceless Appeal Centre, Delhi, dated 30.11.2023, regarding the disallowance of its deduction under section 80P of the Income Tax Act, 1961. The assessee argued that the disallowance was not applicable as the Finance Act, 2021, amended section 143(1)(a)(v) with effect from 01.04.2021, and the assessment order was for the assessment year 2018-19. The Tribunal accepted the assessee's argument and allowed the appeal.…

Legal Issues

• 1. Disallowance of section 80P deduction
• 2. Delay in filing the appeal

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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