M/s.The chombal Service Co-op Bank Ltd, Kozhikkode vs The iTO, Wd-2(2), Kozhikoden

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Last updated: 28 November 2020
Quick Summary
This case involves The Chombal Service Co-op Bank Ltd appealing against the Income Tax Officer's disallowance of a deduction under Section 80P of the Income Tax Act for the assessment year 2010-2011. Initially, the Commissioner of Income Tax (Appeals) allowed the deduction, following a High Court judgment. However, the CIT(A) later issued a rectification order under Section 154, disallowing the deduction based on a subsequent Full Bench judgment of the High Court.

Court :
ITAT Cochin

Brief :
This appeal at the instance of the assessee is directed against the order of the CIT(A), dated 21.11.2019 passed u/s. 154 r.w.s. 250 of the I.T.Act. The relevant assessment year is 2010-2011.

Citation :
ITA No.89/Coch/2020

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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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