Section 80P Deduction Cannot Be Denied for Wrong ITR Column Selection: ITAT Nagpur

Buldana Zilla Parishad Employees Co-op. Society Ltd. Vs ITO (ITAT Nagpur) The Income Tax Appellate Tribunal (ITAT), Nagpur Bench, allowed the appeal of a credit co-operative society after holding that deduction under Section 80P(2)(a)(i) of the Income Tax Act, 1961 could not be denied merely because the assessee selected an incorrect column while filing its return of income. The appeal arose from an order of the Commissioner of Income Tax (Appeals) affirming the Assessing Officer’s denial of deduction for Assessment Year 2018-19. The assessee, a credit co-operative society registered und...