https://www.taxtmi.com/caselaws?id=340975 The High Court restored the matter to the Tribunal, which allowed the appeal in part, granting the cooperative society the benefit of deduction u/s 80P(2) based on certification by the Registrar of Cooperative Societies. The Court clarified that denial of exemption under section 80P should not solely be due to belated returns, emphasizing that deductions can be allowed even for delayed filings if proceedings are ongoing. The Tribunal ruled in favor of the cooperative society, recognizing it as entitled to the deduction under section 80P(2), ultimately granting the benefit based on the certification provided. en-us Mon, 13 Mar 2017 00:00:00 +0530 Sat, 25 Mar 2017 19:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340975 The High Court restored the matter to the Tribunal, which allowed the appeal in part, granting the cooperative society the benefit of deduction u/s 80P(2) based on certification by the Registrar of Cooperative Societies. The Court clarified that denial of exemption under section 80P should not solely be due to belated returns, emphasizing that deductions can be allowed even for delayed filings if proceedings are ongoing. The Tribunal ruled in favor of the cooperative society, recognizing it as entitled to the deduction under section 80P(2), ultimately granting the benefit based on the certification provided. Case-Laws Income Tax Mon, 13 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340975