https://www.taxtmi.com/caselaws?id=391352 The appeal by the co-operative society was allowed for statistical purposes, emphasizing the necessity for the Assessing Officer to conduct a detailed inquiry into the society's activities to determine eligibility for deductions under section 80P of the Income Tax Act. Despite the initial allowance of the deduction by the CIT(A), a subsequent rectification order was issued disallowing the deduction based on a judgment by the Full Bench of the jurisdictional High Court. The case underscored the importance of compliance with the Kerala Co-operative Societies Act, 1969, and the need for a thorough assessment of the society's activities for claiming deductions under section 80P. en-us Wed, 22 Jan 2020 00:00:00 +0530 Sat, 25 Jan 2020 18:03:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391352 The appeal by the co-operative society was allowed for statistical purposes, emphasizing the necessity for the Assessing Officer to conduct a detailed inquiry into the society's activities to determine eligibility for deductions under section 80P of the Income Tax Act. Despite the initial allowance of the deduction by the CIT(A), a subsequent rectification order was issued disallowing the deduction based on a judgment by the Full Bench of the jurisdictional High Court. The case underscored the importance of compliance with the Kerala Co-operative Societies Act, 1969, and the need for a thorough assessment of the society's activities for claiming deductions under section 80P. Case-Laws Income Tax Wed, 22 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391352