https://www.taxtmi.com/caselaws?id=752003 The ITAT Cochin set aside the denial of deduction u/s 80P(1) of the Income Tax Act for AYs 2011-12 to 2018-19, remanding the case to the AO. The Tribunal required further examination of the assessee's status as a co-operative bank, emphasizing that eligibility for deduction hinges on its operational nature. The appeal was allowed for statistical purposes, pending determination of the assessee's classification under the relevant banking regulations. en-us Mon, 29 Apr 2024 00:00:00 +0530 Wed, 01 May 2024 19:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752003 The ITAT Cochin set aside the denial of deduction u/s 80P(1) of the Income Tax Act for AYs 2011-12 to 2018-19, remanding the case to the AO. The Tribunal required further examination of the assessee's status as a co-operative bank, emphasizing that eligibility for deduction hinges on its operational nature. The appeal was allowed for statistical purposes, pending determination of the assessee's classification under the relevant banking regulations. Case-Laws Income Tax Mon, 29 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752003