ITAT Bangalore Sets Aside 80P Deduction Dispute for Fresh Adjudication

Rani Channamma Co-operative Credit Society Ltd Vs ITO (ITAT Bangalore) The Income Tax Appellate Tribunal (ITAT) in Bengaluru has remanded the case of Rani Channamma Co-operative Credit Society Ltd. back to the Commissioner of Income Tax (Appeals) [CIT(A)] for a fresh adjudication. The tribunal found that the CIT(A) had inadvertently ruled on an appeal against a rectification order under Section 154 of the Income Tax Act, 1961, instead of the original appeal against an intimation under Section 143(1) of the Act. The dispute arose when the co-operative society filed its tax return for the assess...