SIB Staff Credit Society Wins Appeal: ITAT Directs CIT(A) to Reconsider Deduction Claim u/s 80P [Read Order]

The tribunal referred to the Bombay High Court’s decision in PCIT vs. Premkumar Arjundas Luthra, which states that appellate authorities must examine cases substantively, even if the assessee is absent
SIB - SIB Staff - Credit Society - Credit Society Wins Appeal - ITAT - ITAT Directs - CIT(A) - CIT(A) to Reconsider Deduction Claim - Deduction Claim - taxscan

The Income Tax Appellate Tribunal (ITAT) Cochin Bench has ruled in favor of assessee by directing the Commissioner of Income Tax (Appeals) CIT(A) to reconsider the deduction claim under Section 80P of the Income Tax Act, 1961. The tribunal held that the CIT(A) should not have dismissed the appeal for non-prosecution without examining the case…

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