ITAT Restores Co-op Society Appeal for Fresh Hearing on 80P Deduction Denial

Mercantile Co-op Credit Society Ltd. Vs ITO (ITAT Panaji) ITAT Restores Co-op Society Tax Appeal Hearing; Co-op Society Gets Second Chance at ITAT: Appeal Restored for Fresh Hearing on Tax Claims Income Tax Appellate Tribunal (ITAT), Panaji bench, has restored the appeal of Mercantile Co-operative Credit Society Ltd., directing the tax authorities to provide the society with a fresh opportunity to be heard regarding the denial of a significant tax deduction claim and an addition to its income. The Tribunal’s decision, pronounced on February 6, 2025, sets aside an earlier ex-parte order ...