ITAT Quashes Reassessment as No Addition on Original Issue & Allows 80P Deduction despite unfiled Return

Rajya Rakhiv Police Karmachari Sahakari Patsanstha Maryadit Vs ITO (ITAT Pune) The Income Tax Appellate Tribunal (ITAT) in Pune has quashed a tax demand against a cooperative society for the assessment year 2012-13, ruling that the reassessment proceedings initiated by the Income Tax Department were invalid. The case, involving the Rajya Rakhiv Police Karmachari Sahakari Patsanstha Maryadit, centered on a procedural challenge to the reassessment and a substantive dispute over the society’s entitlement to a tax deduction. The tribunal’s decision provides clarity on the scope of reassessment...