https://www.taxtmi.com/caselaws?id=266153 The Tribunal allowed the appeal, setting aside the lower authorities' decision to reject the claim under section 80P(2)(a)(i) of the Income-tax Act. It emphasized the need for a proper examination to determine whether the assessee was a credit co-operative bank or a credit co-operative society. The Tribunal directed the Assessing Officer to re-examine the issue in light of a High Court decision and provide the assessee with a fair opportunity to present their case. The appeal was deemed allowed for statistical purposes, stressing the importance of due process in such determinations. en-us Fri, 05 Jun 2015 00:00:00 +0530 Sat, 17 Oct 2015 23:27:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266153 The Tribunal allowed the appeal, setting aside the lower authorities' decision to reject the claim under section 80P(2)(a)(i) of the Income-tax Act. It emphasized the need for a proper examination to determine whether the assessee was a credit co-operative bank or a credit co-operative society. The Tribunal directed the Assessing Officer to re-examine the issue in light of a High Court decision and provide the assessee with a fair opportunity to present their case. The appeal was deemed allowed for statistical purposes, stressing the importance of due process in such determinations. Case-Laws Income Tax Fri, 05 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266153