https://www.taxtmi.com/caselaws?id=180959 The appeal involved a cooperative society's claim for deduction under Section 80P (2) (a) (i) of the Act, initially allowed by the AO but deemed erroneous by the CIT. The CIT set aside the AO's decision for fresh assessment, emphasizing the need to verify the deduction claimed. The assessee challenged this decision, citing a favorable ITAT Bangalore decision distinguishing cooperative societies from cooperative banks. The CIT's direction was modified to exclude conflicting observations, ultimately leading to the allowance of the assessee's appeal on 20-06-2012. en-us Wed, 20 Jun 2012 00:00:00 +0530 Sat, 17 Jun 2017 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180959 The appeal involved a cooperative society's claim for deduction under Section 80P (2) (a) (i) of the Act, initially allowed by the AO but deemed erroneous by the CIT. The CIT set aside the AO's decision for fresh assessment, emphasizing the need to verify the deduction claimed. The assessee challenged this decision, citing a favorable ITAT Bangalore decision distinguishing cooperative societies from cooperative banks. The CIT's direction was modified to exclude conflicting observations, ultimately leading to the allowance of the assessee's appeal on 20-06-2012. Case-Laws Income Tax Wed, 20 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180959