MALANADU FARMERS SOCIETY ,KOTTAYAM vs. DCIT EXEMPTIONS, TVM, THIRUVANANTHAPURAM
The appeals of the assessees are allowed
ITA 632/COCH/2022[2017-2018]Status: DisposedITAT Cochin08 Mar 2023AY 2017-2018
Bench: Shri George George K. & Ms. Padmavathy S.
For Appellant: Shri Jose Kappan, CAFor Respondent: Shri Prashant V.K., CIT(DR)
Section 11Section 12ASection 143(1)Section 143(2)Section 2(15)Section 263
263 of the Act which reads as under:-
“"2. In your case, for the AY 2017-18, assessment was completed on 11/10/2019 accepting the return of income filed at 'NIL'
income. On perusal of the details /documents available on records, it is noticed that your activities falls within the residual clause of Section 2(15) of the Income
