https://www.taxtmi.com/caselaws?id=392394 The High Court held that entities registered under the Karnataka Souharda Sahakari Act, 1997 fall within the definition of "co-operative society" under Section 2(19) of the Income Tax Act, 1961. Petitioners were entitled to claim benefits under Section 80P of the Act, and the impugned notice was quashed. The court directed fresh assessment treating the petitioner as a Co-operative Society and extending benefits under Section 80P, in line with a previous order. The judgment clarified the alignment of entities under the 1997 Act with Co-operative Societies under the Income Tax Act, 1961. en-us Mon, 27 Jan 2020 00:00:00 +0530 Wed, 19 Feb 2020 16:06:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392394 The High Court held that entities registered under the Karnataka Souharda Sahakari Act, 1997 fall within the definition of "co-operative society" under Section 2(19) of the Income Tax Act, 1961. Petitioners were entitled to claim benefits under Section 80P of the Act, and the impugned notice was quashed. The court directed fresh assessment treating the petitioner as a Co-operative Society and extending benefits under Section 80P, in line with a previous order. The judgment clarified the alignment of entities under the 1997 Act with Co-operative Societies under the Income Tax Act, 1961. Case-Laws Income Tax Mon, 27 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392394