2025 (7) TMI 26

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.... Sri.Sundarasan S, CIT-DR ORDER PER PRAKASH CHAND YADAV, JM : The present appeal of the assessee is arising from the order of the National Faceless Appeal Centre / learned Commissioner of Income-tax (Appeals) ["CIT(A)" for short] dated 26.07.2024, having DIN & Order No.ITBA/NFAC/S/250/2024- 25/1067071732(1) and relates to the assessment year 2017- 2018. 2. Brief facts of the case as co....

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...., rather, replied simply that since the assessee is a co-operative society and eligible for deduction u/s.80P of the Act and not having taxable income, it has not filed the return of income for the impugned assessment year. The AO could not find any force in the argument of the assessee and hence framed the assessment by making addition of Rs. 2,79,87,000/- The AO also made other addition of Rs. 4....

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.... jurisdictional in the case of Nileshwar Range Kallu Chethu Vyavasaya Thozhilali Sahakarana Sangham v. CIT (2023) 459 ITR 730 (Ker.). Therefore, we are deciding this appeal on the basis of the material available on record. 5. The learned CIT-DR relied upon the orders of the authorities below. 6. After hearing the arguments of the learned CIT-DR and perusing the material available on record, ....