Misclassification of Assessee as Co-operative Bank u/s 80P(4) Affects Tax Benefits Eligibility for Co-operative Societies.

Misclassification of Assessee as Co-operative Bank u/s 80P(4) Affects Tax Benefits Eligibility for Co-operative Societies. https://www.taxtmi.com/highlights?id=35977 Eligibility for the benefits of u/s 80P(2)(a)(i) - it is a complete misnomer on the part of the Assessing Officer to treat the assessee as a co-operative bank within the meaning of Sec. 80P(4) of the Act without establishing that the assessee is a co-operative bank in the eyes of law. en-us Sat, 19 Aug 2017 12:53:26 +0530 Sat, 19 Aug 2017 12:53:26 +0530 TaxTMI RSS Generator Misclassification of Assessee as Co-operative Bank u/s 80P(4) Affects Tax Benefits Eligibility for Co-operative Societies. https://www.taxtmi.com/highlights?id=35977 Eligibility for the benefits of u/s 80P(2)(a)(i) - it is a complete misnomer on the part of the Assessing Officer to treat the assessee as a co-operative bank within the meaning of Sec. 80P(4) of the Act without establishing that the assessee is a co-operative bank in the eyes of law. Highlights Income Tax Sat, 19 Aug 2017 12:53:26 +0530 https://www.taxtmi.com/highlights?id=35977