https://www.taxtmi.com/caselaws?id=310268 The court quashed the assessment orders challenging the denial of deductions under Section 80P (ii) (d) of the Income Tax Act for the assessment year 2020-21. It remanded the assessments to the National Faceless Assessment Centre for fresh consideration, emphasizing the importance of considering relevant judgments such as those in PCIT v. Peroorkada Service Co-Operative Bank Ltd. and Mavilayi Service Co-operative Bank Ltd. The court highlighted the need for prompt action to address the petitioners' concerns effectively. en-us Mon, 28 Nov 2022 00:00:00 +0530 Sun, 15 Oct 2023 15:33:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310268 The court quashed the assessment orders challenging the denial of deductions under Section 80P (ii) (d) of the Income Tax Act for the assessment year 2020-21. It remanded the assessments to the National Faceless Assessment Centre for fresh consideration, emphasizing the importance of considering relevant judgments such as those in PCIT v. Peroorkada Service Co-Operative Bank Ltd. and Mavilayi Service Co-operative Bank Ltd. The court highlighted the need for prompt action to address the petitioners' concerns effectively. Case-Laws Income Tax Mon, 28 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310268