https://www.taxtmi.com/caselaws?id=393411 The High Court dismissed the challenge by a Primary Agricultural Cooperative Society Limited against an assessment order for Assessment Year 2012-13 under the Income Tax Act, directing the petitioner to pursue appeal remedy. The court allowed the society's claim of deduction under Section 80P, overturning the Assessing Authority's decision based on errors in interpretation and upholding relief granted by the CIT (A) and Tribunal. The petitioners were directed to file a statutory appeal within three weeks with a stay on demand recovery until appeal disposal, emphasizing legal interpretations under the TNCS Act and Section 80P. en-us Thu, 05 Mar 2020 00:00:00 +0530 Sat, 14 Mar 2020 13:20:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393411 The High Court dismissed the challenge by a Primary Agricultural Cooperative Society Limited against an assessment order for Assessment Year 2012-13 under the Income Tax Act, directing the petitioner to pursue appeal remedy. The court allowed the society's claim of deduction under Section 80P, overturning the Assessing Authority's decision based on errors in interpretation and upholding relief granted by the CIT (A) and Tribunal. The petitioners were directed to file a statutory appeal within three weeks with a stay on demand recovery until appeal disposal, emphasizing legal interpretations under the TNCS Act and Section 80P. Case-Laws Income Tax Thu, 05 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393411