https://www.taxtmi.com/caselaws?id=61721 The Tribunal upheld the orders of the CIT(A) and Assessing Officer, dismissing the assessee's appeal. The denial of exemption under section 10(20A) of the Income-tax Act was affirmed as the cooperative society did not meet the criteria of being an "authority" under the law. The Tribunal also rejected the alternative claims for deduction under section 80P(2)(a)(i) and income classification as capital gains, finding them misconceived. The assessee's contentions were dismissed, and the denial of exemption was upheld. en-us Mon, 31 Jul 2006 00:00:00 +0530 Mon, 16 Jul 2012 15:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61721 The Tribunal upheld the orders of the CIT(A) and Assessing Officer, dismissing the assessee's appeal. The denial of exemption under section 10(20A) of the Income-tax Act was affirmed as the cooperative society did not meet the criteria of being an "authority" under the law. The Tribunal also rejected the alternative claims for deduction under section 80P(2)(a)(i) and income classification as capital gains, finding them misconceived. The assessee's contentions were dismissed, and the denial of exemption was upheld. Case-Laws Income Tax Mon, 31 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61721