https://www.taxtmi.com/caselaws?id=383716 The Tribunal ruled in favor of the Assessee, a Souharda Sahakari co-operative registered under the Karnataka Souharda Sahakari Act, 1997, determining that it qualified as a co-operative society under Sec.80P(2)(a)(i) of the Income Tax Act, 1961. The Tribunal emphasized the alignment of Souhardas with cooperative principles and historical cooperative legislation evolution, granting the Assessee eligibility for the deduction. The decision clarified the status of Souharda Sahakari co-operatives for deduction purposes, remanding other conditions for examination while upholding the Assessee's appeal. en-us Fri, 26 Jul 2019 00:00:00 +0530 Tue, 30 Jul 2019 06:21:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383716 The Tribunal ruled in favor of the Assessee, a Souharda Sahakari co-operative registered under the Karnataka Souharda Sahakari Act, 1997, determining that it qualified as a co-operative society under Sec.80P(2)(a)(i) of the Income Tax Act, 1961. The Tribunal emphasized the alignment of Souhardas with cooperative principles and historical cooperative legislation evolution, granting the Assessee eligibility for the deduction. The decision clarified the status of Souharda Sahakari co-operatives for deduction purposes, remanding other conditions for examination while upholding the Assessee's appeal. Case-Laws Income Tax Fri, 26 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383716