https://www.taxtmi.com/caselaws?id=754616 ITAT Bangalore remitted the appeal to CIT(Appeals) for fresh consideration regarding deduction of interest income under section 80P(2)(a)(i). The assessee cooperative society was denied deduction under Chapter VIA as it was registered under Karnataka Souharda Sahakari Act, 1997 rather than Karnataka Co-operative Societies Act, 1959. Since the assessee failed to represent before CIT(Appeals), ITAT directed fresh hearing with conditions that assessee update contact details, respond to notices, avoid unnecessary adjournments, and warned against future defaults. Appeal allowed for statistical purposes. en-us Mon, 24 Jun 2024 00:00:00 +0530 Thu, 27 Jun 2024 08:57:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754616 ITAT Bangalore remitted the appeal to CIT(Appeals) for fresh consideration regarding deduction of interest income under section 80P(2)(a)(i). The assessee cooperative society was denied deduction under Chapter VIA as it was registered under Karnataka Souharda Sahakari Act, 1997 rather than Karnataka Co-operative Societies Act, 1959. Since the assessee failed to represent before CIT(Appeals), ITAT directed fresh hearing with conditions that assessee update contact details, respond to notices, avoid unnecessary adjournments, and warned against future defaults. Appeal allowed for statistical purposes. Case-Laws Income Tax Mon, 24 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754616