ITAT remands Section 80P(2) deduction claim disallowed for lack of license

Gobichettipalayam Rev Dev VAO & VA T&C Society Ltd. Vs ITO (ITAT Chennai) Income Tax Appellate Tribunal (ITAT) Chennai has partially allowed appeals filed by Gobichettipalayam Rev Dev VAO & VA T&C Society Ltd., remanding the matter of deduction claims under Section 80P(2)(d) and 80P(2)(a)(i) of the Income Tax Act, 1961, back to the Assessing Officer (AO) for verification. The appeals pertained to Assessment Years 2020-21 and 2021-22, with identical facts. The dispute arose when the Centralized Processing Centre (CPC) initially denied a deduction of Rs. 13.48 lakh claimed by the...