Peringottukurussi Service Co-op. Bank Ltd. vs. The Income Tax Officer- 5
Parties Involved
Facts Summary
The assessee's appeal for Assessment Year 2011-12 arises against the order of the National Faceless Appeal Centre, Delhi dated 28.04.2023, in proceedings under section 144 read with section 147 of the Income Tax Act, 1961. The assessee had filed its return claiming the deduction on 21.07.2018 whereas the Assessing Officer had framed the assessment order/reassessment order on 19.12.2016. The assessee sought to delete the section 80P deduction/disallowance of Rs. 21,99,430/-.…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the assessee is entitled to claim the section 80P deduction/disallowance of Rs. 21,99,430/-.
Judgment Outcome
Decided in favour of Assessee.
Precedents Relied Upon
1 precedent cited in this judgement.
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