https://www.taxtmi.com/caselaws?id=13297 The High Court of Madras upheld the Income-tax Appellate Tribunal's decision, ruling in favor of the co-operative society regarding deductions under section 80P(2)(a)(vi) of the Income-tax Act, 1961. The court interpreted that the term "members" encompassed various types of members, including partnership firms and associations of persons, based on the society's voting rights structure and the proviso to the relevant section. The decision emphasized that the proviso did not restrict membership solely to specified classes, allowing the society to include members beyond those mentioned in the proviso. en-us Tue, 26 Sep 2006 00:00:00 +0530 Wed, 27 May 2009 18:47:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13297 The High Court of Madras upheld the Income-tax Appellate Tribunal's decision, ruling in favor of the co-operative society regarding deductions under section 80P(2)(a)(vi) of the Income-tax Act, 1961. The court interpreted that the term "members" encompassed various types of members, including partnership firms and associations of persons, based on the society's voting rights structure and the proviso to the relevant section. The decision emphasized that the proviso did not restrict membership solely to specified classes, allowing the society to include members beyond those mentioned in the proviso. Case-Laws Income Tax Tue, 26 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13297