No Reassessment on Section 80P Deduction Covered by Binding Precedent: Gujarat HC

Kutch District Co-Operative Milk Producers Union Ltd. Vs ACIT (Gujarat High Court) The petition was filed before the Gujarat High Court under Article 226 of the Constitution of India seeking quashing of the order passed under section 148A(d) and the consequent notice issued under section 148 of the Income Tax Act, 1961. The petitioner, a cooperative society engaged in procuring milk from its members and supplying it to Gujarat Cooperative Milk Marketing Federation Limited, had filed its return of income for the relevant assessment year claiming deduction under section 80P amounting to ₹4.34 ...