https://www.taxtmi.com/caselaws?id=362270 A co-operative society's entitlement to deduction under section 80P(2)(a)(vi) depends on whether its bye-laws restrict voting rights as required by the proviso. Where an ineligible member, such as NLC, and its nominees have no voting rights in society elections, the Board manages day-to-day affairs, and the General Body retains ultimate control, mere membership does not disqualify the society. The fact that such membership is permitted under the Tamil Nadu Co-operative Societies Act, 1983, and that registration was not revoked for any violation, supported the deduction. On these facts, the society satisfied the statutory conditions and the Revenue's challenge failed. en-us Mon, 18 Jun 2018 00:00:00 +0530 Fri, 22 Jun 2018 08:29:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362270 A co-operative society's entitlement to deduction under section 80P(2)(a)(vi) depends on whether its bye-laws restrict voting rights as required by the proviso. Where an ineligible member, such as NLC, and its nominees have no voting rights in society elections, the Board manages day-to-day affairs, and the General Body retains ultimate control, mere membership does not disqualify the society. The fact that such membership is permitted under the Tamil Nadu Co-operative Societies Act, 1983, and that registration was not revoked for any violation, supported the deduction. On these facts, the society satisfied the statutory conditions and the Revenue's challenge failed. Case-Laws Income Tax Mon, 18 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362270