https://www.taxtmi.com/caselaws?id=751930 ITAT Jaipur allowed the appeal, directing the AO to grant deduction u/s 80P(2)(a)(i) to a cooperative society. The revenue denied the deduction in intimation u/s 143(1), claiming it was incorrectly made and the society's status showed as AOP rather than cooperative society. The tribunal held that given the society's object of lending money to members, the deduction was correctly claimed. The AOP status does not disqualify the claim as section 2(31) definition of "person" doesn't require separate cooperative society status. The denial without specifying how the claim was incorrect was deemed improper. en-us Thu, 25 Apr 2024 00:00:00 +0530 Mon, 10 Jun 2024 11:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751930 ITAT Jaipur allowed the appeal, directing the AO to grant deduction u/s 80P(2)(a)(i) to a cooperative society. The revenue denied the deduction in intimation u/s 143(1), claiming it was incorrectly made and the society's status showed as AOP rather than cooperative society. The tribunal held that given the society's object of lending money to members, the deduction was correctly claimed. The AOP status does not disqualify the claim as section 2(31) definition of "person" doesn't require separate cooperative society status. The denial without specifying how the claim was incorrect was deemed improper. Case-Laws Income Tax Thu, 25 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751930