2023 (7) TMI 1161

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....rikanth ORDER PER SATBEER SINGH GODARA, J.M. : This assessee's appeal for assessment year 2010- 2011, arise against the CIT(A), Belgaum's order dated 04.12.2013, in case ITA.No.131/BGM/11-12, in proceedings u/sec.143(3) of the Income Tax Act, 1961 (in short "the Act"). Heard both the parties. Case file perused. 2. The assessee pleads the following grounds in the instant appeal : 1. "The ord....

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.... find no merit in the Revenue's instant arguments seeking to invoke sec.80P(iv) of the Act in light of hon'ble apex court's landmark decision in in Mavilayi Service Cooperative Bank Ltd., vs. CIT [2021] 431 ITR 1 (SC) holding that an assessee's status has to be seen as per it's registration and nature of membership hardly forms the eligibility criteria to deny the impugned deduction. We accept the....