Deduction u/s 80P can be finalised only after analysing form of Society: Kerala HC sets aside Assessment Order [Read Order]

Deduction - Kerala High Court - Assessment Order - Assessment - Taxscan

In a recent judgement, the Kerala High Court (HC) sets aside an assessment order and held that deduction under section 80P of the Income Tax Act, 1961 can be finalised only after analysing the form of Society. Udayanapuram Service Co-Operative Bank Ltd, the petitioner challenged the assessment order and the demand notice issued under the…

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