Madhya Shikarpur Charalkhali SKUS Ltd. Vs. Addl/Joint/Deputy/Asst CIT, Delhi, National e-Assessment Centre, Delhi [I.T.O., Ward-41(3), Nadia]
Case No: I.T.A. No.: 88/KOL/2025
Court: INCOME TAX APPELLATE TRIBUNAL, KOLKATA ‘SMC’ BENCH, KOLKATA
Date: 10/21/2025
Parties Involved
AppellantMadhya Shikarpur Charalkhali SKUS Ltd.
RespondentAddl/Joint/Deputy/Asst CIT, Delhi, National e-Assessment Centre, Delhi [I.T.O., Ward-41(3), Nadia]
Facts Summary
The assessee, Madhya Shikarpur Charalkhali SKUS Ltd., a cooperative society, filed its return of income showing 'NIL' income after claiming a deduction of ₹16,27,104/- under section 80P(2)(a)(i) of the Income Tax Act, 1961. However, the Assessing Officer (AO) at CPC did not allow this deduction as the return was filed beyond the due date specified under section 139(1) of the Act. The assessee then appealed to the Commissioner of Income Tax (Appeals) (CIT(A)), who upheld the AO's decision, holdin…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the CIT(A) erred in confirming the AO's action by holding that the claim made by the assessee was incorrect under section 143(1) of the Act.
- 2. Whether the CIT(A) erred in disallowing the deduction of ₹16,27,104/- by failing to appreciate the provisions of section 143(1)(a)(v) of the Act.
4 more legal issues analysed in this judgement.
Precedents Relied Upon
7 precedents cited in this judgement.