https://www.taxtmi.com/caselaws?id=777063 ITAT held that the assessee, a credit society registered under the State with members who are TNEB employees, received deposits from and advanced loans only to its members; the AO and CIT(A) arbitrarily disallowed deduction under s.80P(2)(a)(i) without properly examining filed documents. The ITAT set aside the CIT(A) order, restored the assessment to the file of the JAO for limited verification of documents, and allowed the appeal for statistical purposes. en-us Wed, 08 Jan 2025 00:00:00 +0530 Sat, 23 Aug 2025 08:31:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777063 ITAT held that the assessee, a credit society registered under the State with members who are TNEB employees, received deposits from and advanced loans only to its members; the AO and CIT(A) arbitrarily disallowed deduction under s.80P(2)(a)(i) without properly examining filed documents. The ITAT set aside the CIT(A) order, restored the assessment to the file of the JAO for limited verification of documents, and allowed the appeal for statistical purposes. Case-Laws Income Tax Wed, 08 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777063