https://www.taxtmi.com/caselaws?id=390682 The Tribunal directed a detailed examination of the co-operative society's activities to ascertain compliance with the Kerala Co-operative Societies Act, 1969 for deduction eligibility under section 80P(2). Interest income from investments was to be treated as 'income from business,' subject to verification of eligibility for deduction under section 80P based on the society's activities. The rectification under section 154 was upheld, overturning the earlier High Court judgment. Stay applications were dismissed as infructuous, and appeals were allowed for statistical purposes. en-us Mon, 06 Jan 2020 00:00:00 +0530 Thu, 09 Jan 2020 11:22:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390682 The Tribunal directed a detailed examination of the co-operative society's activities to ascertain compliance with the Kerala Co-operative Societies Act, 1969 for deduction eligibility under section 80P(2). Interest income from investments was to be treated as 'income from business,' subject to verification of eligibility for deduction under section 80P based on the society's activities. The rectification under section 154 was upheld, overturning the earlier High Court judgment. Stay applications were dismissed as infructuous, and appeals were allowed for statistical purposes. Case-Laws Income Tax Mon, 06 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390682