https://www.taxtmi.com/caselaws?id=386832 The ITAT partially allowed the appeal of a Co-operative Society regarding the deduction under section 80P(2)(b) of the Income Tax Act. The society, engaged in selling milk products, had claimed the deduction but faced partial disallowance by the AO due to sales to non-covered parties. The ITAT, considering processing constraints and lower pricing for outside sales, interpreted the provision liberally, granting partial relief by excluding specific month's sales to outsiders. The decision emphasized promoting growth in the Co-operative Sector through a generous interpretation of tax laws. en-us Thu, 05 Sep 2019 00:00:00 +0530 Thu, 10 Oct 2019 11:37:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386832 The ITAT partially allowed the appeal of a Co-operative Society regarding the deduction under section 80P(2)(b) of the Income Tax Act. The society, engaged in selling milk products, had claimed the deduction but faced partial disallowance by the AO due to sales to non-covered parties. The ITAT, considering processing constraints and lower pricing for outside sales, interpreted the provision liberally, granting partial relief by excluding specific month's sales to outsiders. The decision emphasized promoting growth in the Co-operative Sector through a generous interpretation of tax laws. Case-Laws Income Tax Thu, 05 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386832