https://www.taxtmi.com/caselaws?id=383694 The Tribunal determined that Souharda co-operatives registered under the Karnataka Souharda Sahakari Act, 1997 qualify as co-operative societies eligible for deduction under Sec.80P(2)(a)(i) of the Income Tax Act. The Tribunal disagreed with the Assessing Officer and Commissioner of Income Tax (Appeals), overturning their decisions. The case outcome favored the Assessee, with the appeal allowed for statistical purposes, subject to further examination of additional deduction conditions by the AO. The judgment was rendered on July 26, 2019. en-us Fri, 26 Jul 2019 00:00:00 +0530 Mon, 29 Jul 2019 09:28:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383694 The Tribunal determined that Souharda co-operatives registered under the Karnataka Souharda Sahakari Act, 1997 qualify as co-operative societies eligible for deduction under Sec.80P(2)(a)(i) of the Income Tax Act. The Tribunal disagreed with the Assessing Officer and Commissioner of Income Tax (Appeals), overturning their decisions. The case outcome favored the Assessee, with the appeal allowed for statistical purposes, subject to further examination of additional deduction conditions by the AO. The judgment was rendered on July 26, 2019. Case-Laws Income Tax Fri, 26 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383694