https://www.taxtmi.com/caselaws?id=456646 The Tribunal granted condonation of a 38-day delay in filing the appeal for AY 2015-16, allowing the appeal's admission. It directed the AO to conduct a de novo assessment regarding the cooperative credit society's eligibility for deduction u/s 80P. For AYs 2015-16 and 2016-17, the Tribunal set aside the revisional orders under Sec. 263 due to insufficient inquiries by the AO, remanding both matters to the Pr. CIT for thorough reevaluation. Both appeals were allowed for statistical purposes, highlighting the necessity for comprehensive examination of factual and legal issues concerning the society's deduction eligibility. en-us Tue, 14 Sep 2021 00:00:00 +0530 Sat, 10 Aug 2024 13:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456646 The Tribunal granted condonation of a 38-day delay in filing the appeal for AY 2015-16, allowing the appeal's admission. It directed the AO to conduct a de novo assessment regarding the cooperative credit society's eligibility for deduction u/s 80P. For AYs 2015-16 and 2016-17, the Tribunal set aside the revisional orders under Sec. 263 due to insufficient inquiries by the AO, remanding both matters to the Pr. CIT for thorough reevaluation. Both appeals were allowed for statistical purposes, highlighting the necessity for comprehensive examination of factual and legal issues concerning the society's deduction eligibility. Case-Laws Income Tax Tue, 14 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456646