2024 (1) TMI 1502

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.... Sr. DR ORDER PER SANJAY ARORA, AM This is an Appeal by the Assessee directed against the Order dated 03.03.2023 by the Commissioner of Income Tax (Appeals), Income Tax Department, dismissing the assessee's appeal contesting the denial of deduction under section 80P of the Income-tax Act, 1961 ('the Act') on processing of it's return of income for assessment year (AY) 2019-2020 vide Intim....

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....sing u/s. 143(1)(a). This Tribunal has, vide a detailed order in Kollad Service Co-operative Bank Ltd. & Ors. v. ITO (in ITA No.95/Coch/2023, dated 25.9.2023), found the adjustment u/s.143(1)(a)(ii), which has been applied in the instant case as well, as not maintainable, as indeed u/s. 143(1)(a)(v) where the same is prior to 01.04.2021, i.e., the date on which the corresponding amendment, i.e., w....