https://www.taxtmi.com/caselaws?id=373842 Denial of deduction under section 80P(2)(a)(i) was questioned where the assessee argued that nominal members are permitted under the Karnataka State Co-operative Societies Act, 1959 and that the 2014 and 2016 amendments to section 18 concerned associate members, not nominal members. The Tribunal noted that the lower authorities had not examined this specific statutory contention or the effect of those amendments on the deduction claim. The matter was therefore sent back for fresh consideration by the Assessing Officer, and the disallowance was not finally upheld on merits. en-us Thu, 17 Jan 2019 00:00:00 +0530 Mon, 21 Jan 2019 09:44:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373842 Denial of deduction under section 80P(2)(a)(i) was questioned where the assessee argued that nominal members are permitted under the Karnataka State Co-operative Societies Act, 1959 and that the 2014 and 2016 amendments to section 18 concerned associate members, not nominal members. The Tribunal noted that the lower authorities had not examined this specific statutory contention or the effect of those amendments on the deduction claim. The matter was therefore sent back for fresh consideration by the Assessing Officer, and the disallowance was not finally upheld on merits. Case-Laws Income Tax Thu, 17 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373842