Section 80P(2)(a)(i) Deduction cannot be denied without Substantiated Reasoning

The Presbyterian Churc Co. Operating Credit & Thrift Society Ltd. Vs ITO (ITAT Jaipur) Section 80P(2)(a)(i) deduction cannot be denied without specifying how the claim of the assessee is not correctly claimed & for motioning  status as AOP In a recent case before the Income Tax Appellate Tribunal (ITAT) in Jaipur, The Presbyterian Church Co. Operating Credit & Thrift Society Ltd. brought to light an issue regarding the denial of a deduction under Section 80P(2)(a)(i) of the Income Tax Act. The dispute revolved around the correct filing of the deduction claim and the categorizatio...