42 results for “condonation of delay”+ Section 13(2)(h)clear
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In the result, both the appeals filed by the assessee are allowed for statistical purposes
Bench: Shri Inturi Rama Rao & Shri Soundararajan K.
H. The appellant society is not liable to pay any amount as Income Tax and the appellant is entitled to obtain statutory deduction under Section 80(P)(2) of the Income Tax Act, since, the same is society is Primary Agricultural Credit Society. Hence, the reasoning made by the assessing authority as well as the appellate authority to reject