Section 80P deduction claim required fresh verification of co-operative society status and entitlement before final decision.

Denial of deduction under section 80P(2) was not finally decided on the existing record because the assessee's status and eligibility as a co-operative society needed fresh verification. Relying on an earlier coordinate bench order in the assessee's own case, the ITAT held that the matter required re-examination by the Assessing Officer on the relevant facts and legal position. The issue was therefore remanded for re-adjudication of entitlement to deduction under section 80P(2).

---

---

Issues: Whether the assessee's claim for deduction under section 80P(2) required fresh examination in light of the nature of its registration and the earlier Tribunal order.

Analysis: The appeals concerned denial of deduction under section 80P(2) of the Income-tax Act, 1961. The issue was treated as covered by an earlier coordinate bench decision in the assessee's own case, where the matter had been restored to the Assessing Officer for verification of the assessee's status and entitlement to deduction. Following that approach, the Tribunal held that the question whether the assessee was a co-operative society eligible for deduction required re-examination by the Assessing Officer on the relevant facts and legal position.

Conclusion: The matter was remanded to the Assessing Officer for re-adjudication of the assessee's entitlement to deduction under section 80P(2) of the Income-tax Act, 1961.

---