https://www.taxtmi.com/caselaws?id=392902 The Tribunal found that the Assessee, a Souharda Credit Co-Operative Limited, was eligible for deduction under Section 80P of the Income Tax Act. The Tribunal remitted the matter back to the Assessing Officer for fresh adjudication to consider other conditions for allowing the deduction. The Tribunal clarified that Souharda Co-operatives registered under the Karnataka Souharda Sahakari Act, 1997, are considered co-operative societies, making them eligible for deductions under Section 80P. The Assessee's appeal was allowed for statistical purposes, overturning the decisions of the Assessing Officer and Commissioner of Income Tax (Appeals). 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=392902 The Tribunal found that the Assessee, a Souharda Credit Co-Operative Limited, was eligible for deduction under Section 80P of the Income Tax Act. The Tribunal remitted the matter back to the Assessing Officer for fresh adjudication to consider other conditions for allowing the deduction. The Tribunal clarified that Souharda Co-operatives registered under the Karnataka Souharda Sahakari Act, 1997, are considered co-operative societies, making them eligible for deductions under Section 80P. The Assessee's appeal was allowed for statistical purposes, overturning the decisions of the Assessing Officer and Commissioner of Income Tax (Appeals). Case-Laws Income Tax Thu, 27 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392902