Rethal Dudh Utpadak Sahkari Mandali Ltd. vs. The Income Tax Officer

Parties Involved

Facts Summary

The assessee, Rethal Dudh Utpadak Sahkari Mandali Ltd., filed an appeal against the order passed by the Addl/JCIT(A)-4, Bengaluru for the Assessment Year 2020-21. The assessee claimed deductions under Section 80P of the Act for interest and share dividend received from Ahmedabad District Co-operative Bank. The Income Tax Officer disallowed these deductions, leading to the assessee filing an appeal. The assessee argued that the delay in filing the return was due to the Government Auditor's delay in completing the audit, which was beyond the assessee's control. The assessee also cited previous decisions of the Tribunal that supported their claim for deductions.…

Legal Issues

• 1. Disallowance of interest and share dividend under Section 80P of the Act.
• 2. Delay in filing the return of income.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

Similar Judgements

• Deputy Commissioner of Income Tax, Circle-02, Ajmer Vs. Ajmer Zila Dugdh Utpadak Sahkari Sangh Limited

  Jaipur bench

• The Erode Coop Primary Agricultural Development Bank Ltd. vs. The Income Tax Officer, Ward-1(1), Erode

• The Everard Tower Co-operative Housing Society Limited Vs ITO, Ward-41(1)(2), Mumbai

  SMC Bench, Mumbai benchAY 2020-21Allowed

• Children of the World (Delhi) Society Vs DCIT, CPC, Bengaluru

• Shalom Bhakti Mandali vs. CIT(E)

  Ahmedabad bench

• N.D.A. Employees Co.Op. Credit Society Limited vs. The Income Tax Officer

  Pune bench