https://www.taxtmi.com/caselaws?id=389619 The Tribunal directed the Assessing Officer to conduct an inquiry into the activities of the co-operative society to determine eligibility for deduction u/s 80P of the Income Tax Act. The Tribunal emphasized compliance with the Kerala Co-operative Societies Act, 1969, and the need to follow the Full Bench judgment of the Hon'ble jurisdictional High Court regarding interest income from investments with Cooperative Banks and other Banks. The appeal was allowed for statistical purposes, and the Stay Application was dismissed as infructuous. The order was pronounced in December 2019, highlighting the importance of a detailed examination of the assessee society's activities for deduction u/s 80P. en-us Mon, 09 Dec 2019 00:00:00 +0530 Thu, 12 Dec 2019 16:24:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389619 The Tribunal directed the Assessing Officer to conduct an inquiry into the activities of the co-operative society to determine eligibility for deduction u/s 80P of the Income Tax Act. The Tribunal emphasized compliance with the Kerala Co-operative Societies Act, 1969, and the need to follow the Full Bench judgment of the Hon'ble jurisdictional High Court regarding interest income from investments with Cooperative Banks and other Banks. The appeal was allowed for statistical purposes, and the Stay Application was dismissed as infructuous. The order was pronounced in December 2019, highlighting the importance of a detailed examination of the assessee society's activities for deduction u/s 80P. Case-Laws Income Tax Mon, 09 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389619