Section 80P(2)(f) — the law in short
What the courts have decided on section 80P(2)(f), in one screen. Read this first; open an entry when you need the facts, the reasoning and the source.
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Lodha Maharana Pratap Nagar Co-operative Housing Society Limited v ITO
ITATCuts both waysNo later treatment found
The CPC taxed my society's receipts from members. Can I get that corrected under section 154, or have I lost the claim by not making it in the return?
Section 154 will not carry it. The Mumbai Tribunal agreed with the Assessing Officer and the CIT(A) that mutuality and eligibility under s.80P require examination of foundational facts and cannot be a mistake apparent from the record. But the claim was not lost: Goetze (India) restricts only the Assessing Officer, not the appellate authorities, so the Tribunal restored the matter to the Assessing Officer to examine the claim on merits.
Listed strongest first: Supreme Court, then High Court, then Tribunal, then CBDT. Nothing here has yet been read in full by a chartered accountant — open an entry to see where it came from.
