https://www.taxtmi.com/caselaws?id=384171 The High Court of Madras addressed the validity of a notice issued under Section 142(1) of the Income Tax Act, 1961, to a cooperative credit society. The court noted a discrepancy in the notice but did not delve further due to the narrow scope of the petition. Regarding the entitlement to claim deductions under Section 80P of the IT Act, the court ruled that this cannot interfere with the notice, directing the petitioner to file returns as per the notice while allowing for deductions under Section 80P. The court emphasized compliance with the law and closed the case without costs. en-us Fri, 19 Jul 2019 00:00:00 +0530 Wed, 07 Aug 2019 09:24:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384171 The High Court of Madras addressed the validity of a notice issued under Section 142(1) of the Income Tax Act, 1961, to a cooperative credit society. The court noted a discrepancy in the notice but did not delve further due to the narrow scope of the petition. Regarding the entitlement to claim deductions under Section 80P of the IT Act, the court ruled that this cannot interfere with the notice, directing the petitioner to file returns as per the notice while allowing for deductions under Section 80P. The court emphasized compliance with the law and closed the case without costs. Case-Laws Income Tax Fri, 19 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384171