2025 (5) TMI 1796

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.... PER VINAY BHAMORE, JM : This appeal filed by the assessee is directed against the order dated 26.11.2024 passed by Ld. CIT(A)/NFAC for the assessment year 2014-15. 2. Facts of the case, in brief, are that the assessee is a cooperative credit society and has not furnished its return of income for the period under consideration. On the basis of information available with the Department, it ....

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....ant has offered no comments at serial no.9 of From 35 and appellant failed to make payment of amount equal to the advance tax which was due on its income and the appellant also did not requested for exemption u/s 249(b) of the IT Act, Ld. CIT(A)/NFAC dismissed the appeal as infructuous without admitting the same for adjudication. It is this order against which the assessee is in appeal before the ....

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....passed ex-parte & whatever deductions were legally available to the assessee were not allowed by the Assessing Officer. It is the contention of the assessee that being cooperative society the business income of the assessee was subject to deduction 80P(2)(a)(i) and 80P(2)(d) of the IT Act and due to ex-parte order the same deductions were not allowed which resulted in determination of unnecessary ....

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....2024 order dated 10.04.2024 and also from the judgement passed by Hon'ble Karnataka High Court in the case of Govidappa Setty vs. ITO, 232 ITR 892 (Karnataka) wherein under similar circumstances the appeal of the assessee was allowed. Accordingly, considering the totality of the facts of the case and without going into merits of the case, we deem it appropriate to set-aside the order passed by Ld.....