ITAT Condones Appeal Delay Due to Non-Service of Order, Flags CIT(A)’s Error on 80P Deduction

Indian Chain Pvt. Ltd. Vs DCIT (ITAT Kolkata) Summary: The Income Tax Appellate Tribunal (ITAT), Kolkata bench, has remitted the case of Indian Chain Pvt. Ltd. back to the Commissioner of Income Tax (Appeals) [CIT(A)] after identifying a significant factual error in the first appellate authority’s order. The CIT(A) had mistakenly treated the private limited company as a cooperative society, applying provisions related to Section 80P of the Income Tax Act, 1961, which grants deductions specifically to cooperative societies. The appeal before the ITAT, decided on March 4, 2025, for the Ass...