https://www.taxtmi.com/caselaws?id=395079 The Tribunal allowed the appeal, remitting the matter to the Assessing Officer for fresh consideration. It held that Souharda Sahakari registered under the Karnataka Souharda Sahakari Act, 1997, can be considered as co-operative societies entitled to deduction under section 80P(2)(a)(i) of the Income Tax Act. The Tribunal emphasized the correct classification for tax treatment, adherence to precedents, and proper imposition of tax liabilities and interest, ultimately ruling in favor of the appellant. en-us Mon, 27 Apr 2020 00:00:00 +0530 Mon, 04 May 2020 15:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395079 The Tribunal allowed the appeal, remitting the matter to the Assessing Officer for fresh consideration. It held that Souharda Sahakari registered under the Karnataka Souharda Sahakari Act, 1997, can be considered as co-operative societies entitled to deduction under section 80P(2)(a)(i) of the Income Tax Act. The Tribunal emphasized the correct classification for tax treatment, adherence to precedents, and proper imposition of tax liabilities and interest, ultimately ruling in favor of the appellant. Case-Laws Income Tax Mon, 27 Apr 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395079