https://www.taxtmi.com/caselaws?id=392901 The Tribunal allowed the appeal for statistical purposes, remanding the matter to the Assessing Officer for reassessment of deductions under Section 80P(2)(a)(i) and 80P(2)(d). The decision highlighted the importance of examining statutory requirements and principles of mutuality for co-operative societies under the Karnataka Souharda Sahakari Act, 1997. The AO was directed to re-evaluate the conditions for deductions and reconsider the interest income classification and applicability of Sections 234B and 234C. en-us Thu, 27 Feb 2020 00:00:00 +0530 Sat, 29 Feb 2020 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392901 The Tribunal allowed the appeal for statistical purposes, remanding the matter to the Assessing Officer for reassessment of deductions under Section 80P(2)(a)(i) and 80P(2)(d). The decision highlighted the importance of examining statutory requirements and principles of mutuality for co-operative societies under the Karnataka Souharda Sahakari Act, 1997. The AO was directed to re-evaluate the conditions for deductions and reconsider the interest income classification and applicability of Sections 234B and 234C. Case-Laws Income Tax Thu, 27 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392901