ITAT Nagpur Grants Section 80P Deduction to Police Pat Sanstha

Police Karmachari Sahakari Pat Sanstha Gondia Vs ITO (ITAT Nagpur) In the case of Police Karmachari Sahakari vs. ITO, the ITAT Nagpur ruled in favor of the assessee, a cooperative society providing credit facilities to its members. The society had claimed a deduction of ₹72,09,175 under Section 80P of the Income Tax Act, 1961, which was disallowed by the Assessing Officer (AO) without providing clear reasons. The Commissioner of Income Tax (Appeals) [CIT(A)] upheld the disallowance, citing the assessee’s failure to prove eligibility for the deduction. However, the tribunal found that since...