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Section 263 Quashed as AO Took a Plausible View on 80P Deduction
Case Law Details
- Case Name
- Pujya Sharanabasaveshwara Pattina Souharda Sahakari Sangha Ni Vs ITO (ITAT Bangalore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2020-21
- Courts
- All ITAT, ITAT Bangalore
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Pujya Sharanabasaveshwara Pattina Souharda Sahakari Sangha Ni Vs ITO (ITAT Bangalore)
Section 263 Quashed: AO’s Plausible View on 80P Deduction Cannot Be Branded Erroneous
The Bangalore ITAT “B” Bench, in Pujya Sharanabasaveshwara Pattina Souharda Sahakari Sangha Niyamita v. ITO (ITA No.1180/Bang/2025, AY 2020-21; order dated 29.12.2025), has quashed the revisionary order passed u/s 263 by the PCIT, holding that the assessment order allowing deduction u/s 80P(2)(a)(i) was neither erroneous nor prejudicial to the interests of the Revenue.
The Assessee, a members’ credit...
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