ITAT Cochin Remands Case Over Dismissal Without considering Delay Explanation

Kalanad Service Co-op. Bank Ltd. Vs ITO (ITAT Cochin)

The Income Tax Appellate Tribunal (ITAT) Cochin has remanded the case of Kalanad Service Co-operative Bank Ltd. for fresh adjudication after finding that the Commissioner of Income Tax (Appeals) [CIT(A)] dismissed the appeal without considering the explanation for a 30-day delay. The case pertains to the denial of deduction under Section 80P of the Income Tax Act, 1961, amounting to ₹28,39,995 for the Assessment Year 2014-15.

The Income Tax Officer (ITO), Kasaragod, disallowed the deduction under Section 80P, treating t

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