https://www.taxtmi.com/caselaws?id=276139 Section 80P deduction for a co-operative society depends on the nature of its activities and, where mutuality is claimed, on whether dealings are confined to members. The record indicated income from investments, commission income, and payments to pigmi agents, raising a factual question whether the society had transactions beyond members and whether the principle of mutuality was preserved. In light of Citizen Co-operative Society, those matters required closer examination, so the prior allowance of the deduction could not stand without fresh factual review. The matter was remanded for de novo consideration of eligibility under section 80P. en-us Tue, 31 Oct 2017 00:00:00 +0530 Wed, 31 Oct 2018 06:01:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276139 Section 80P deduction for a co-operative society depends on the nature of its activities and, where mutuality is claimed, on whether dealings are confined to members. The record indicated income from investments, commission income, and payments to pigmi agents, raising a factual question whether the society had transactions beyond members and whether the principle of mutuality was preserved. In light of Citizen Co-operative Society, those matters required closer examination, so the prior allowance of the deduction could not stand without fresh factual review. The matter was remanded for de novo consideration of eligibility under section 80P. Case-Laws Income Tax Tue, 31 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276139