Bombay HC Grants Interim Relief from Coercive Recovery in Section 80P Deduction Dispute

Janaseva Urban Cooperative Credit Society Limited Vs ITO (Bombay High Court)

The Bombay High Court granted interim relief to Janaseva Urban Cooperative Credit Society Limited in a dispute regarding disallowance of deduction under Section 80P of the Income Tax Act, 1961, restraining the Income Tax Department from taking coercive recovery measures.

For the Assessment Year (AY) 2019–2020, the assessment order proposed to add ₹32,16,371 disallowed under Section 80P as business income. The order noted that the petitioner had not filed its return despite conducting tr

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