Back
INCOME TAX APPELLATE TRIBUNAL (MUMBAI BENCH)
ANIKESH BANERJEE, J
VALENCIA TOWERS C WING COOP-HSG. SOC. LTD MUMBAI – Appellant
Versus
ITO WARD 19(3)(1) MUMBAI – Respondent
| Table of Content |
|---|
| 1. nature of appeal and assessment details. (Para 1 , 2) |
| 2. arguments regarding eligibility for deductions. (Para 3 , 4) |
| 3. court’s reasoning and analysis of relevant cases. (Para 5) |
| 4. final ruling on the appeal. (Para 6) |
ORDER
PER ANIKESH BANERJEE, J.M:
The instant appeal of the assessee was filed against the order of the Learned Commissioner of Income-tax Appeal / Addl / JCIT (A), Thiruvananthapuram [for brevity, ‘Ld.CIT(A)’] passed under section 250 of the Income-tax Act, 1961 (in short, ‘the Act’), for Assessment Year 2020-21, date of order 07.03.2025. The impugned order was emanated from the order of the Central Processing Unit, Income-tax Department (in short, ‘the Ld. A.O.’) passed under section 143(1) of the Act, dated 25/11/2021.
2. We heard the rival submissions and considered the documents available on the record. The assessee is a co-operative housing society incorporated in March, 2012 and registered with the Registrar of Co-operative Societies. For impugned assessment year, the assesse filed the return declaring Nil income. The assesse, in the return had claimed deduction under section 80P(2)(d) of the Act, amount to Rs.1,75,460/- on account of interest rec
An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers
Please visit our Training & Support
Center or Contact Us for assistance
Scan Me!
India’s Legal research and Law Firm App, Download now!
For Daily Legal Updates, Join us on :
Back to top
