https://www.taxtmi.com/caselaws?id=383579 Impugned reassessment proceedings concerning deduction under Section 80P were directed to remain in abeyance pending the outcome of special leave petitions against earlier Division Bench orders recognising eligibility of the relevant cooperative societies. The Court noted that those earlier orders were still in force and had not been stayed or reversed, but also accepted the Revenue's concern that immediate quashing could prejudice its position if the Supreme Court later ruled in its favour and reassessment became time-barred. The matter was therefore kept on hold, without any merits determination, and left open for revival or cessation depending on the Supreme Court's decision. en-us Thu, 18 Jul 2019 00:00:00 +0530 Thu, 25 Jul 2019 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383579 Impugned reassessment proceedings concerning deduction under Section 80P were directed to remain in abeyance pending the outcome of special leave petitions against earlier Division Bench orders recognising eligibility of the relevant cooperative societies. The Court noted that those earlier orders were still in force and had not been stayed or reversed, but also accepted the Revenue's concern that immediate quashing could prejudice its position if the Supreme Court later ruled in its favour and reassessment became time-barred. The matter was therefore kept on hold, without any merits determination, and left open for revival or cessation depending on the Supreme Court's decision. Case-Laws Income Tax Thu, 18 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383579