https://www.taxtmi.com/caselaws?id=390681 The Full Bench of the High Court altered the interpretation of deduction u/s 80P, emphasizing the need for yearly assessment of a co-operative society's activities for eligibility. The Tribunal directed further examination of the society's activities to determine eligibility for deduction u/s 80P(2) based on conflicting judgments. The impact of the judgment required verification of compliance with co-operative society activities under the Kerala Co-operative Societies Act. Interest income from investments with Co-operative Banks was to be examined in line with the Full Bench judgment. The Tribunal allowed the appeal for statistical purposes, stressing the necessity of detailed yearly scrutiny for eligibility under section 80P. en-us Tue, 07 Jan 2020 00:00:00 +0530 Tue, 31 Mar 2020 14:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390681 The Full Bench of the High Court altered the interpretation of deduction u/s 80P, emphasizing the need for yearly assessment of a co-operative society's activities for eligibility. The Tribunal directed further examination of the society's activities to determine eligibility for deduction u/s 80P(2) based on conflicting judgments. The impact of the judgment required verification of compliance with co-operative society activities under the Kerala Co-operative Societies Act. Interest income from investments with Co-operative Banks was to be examined in line with the Full Bench judgment. The Tribunal allowed the appeal for statistical purposes, stressing the necessity of detailed yearly scrutiny for eligibility under section 80P. Case-Laws Income Tax Tue, 07 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390681