https://www.taxtmi.com/caselaws?id=456087 ITAT Bangalore allowed the assessee's appeals regarding deduction under section 80P. The tribunal held that CIT(A) was not justified in denying the deduction merely because the assessee was registered under Karnataka Souharda Sahakari Act, 1997, following the precedent in Siddartha Pattina Souharda Sahakari Niyamitha. The tribunal set aside CIT(A)'s order and remanded the matter to AO to examine whether the assessee satisfies other conditions of section 80P after providing adequate hearing opportunity. en-us Fri, 08 Nov 2019 00:00:00 +0530 Thu, 27 Jun 2024 08:51:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456087 ITAT Bangalore allowed the assessee's appeals regarding deduction under section 80P. The tribunal held that CIT(A) was not justified in denying the deduction merely because the assessee was registered under Karnataka Souharda Sahakari Act, 1997, following the precedent in Siddartha Pattina Souharda Sahakari Niyamitha. The tribunal set aside CIT(A)'s order and remanded the matter to AO to examine whether the assessee satisfies other conditions of section 80P after providing adequate hearing opportunity. Case-Laws Income Tax Fri, 08 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456087