https://www.taxtmi.com/caselaws?id=396030 The Tribunal decided to hear all three appeals together based on settled issues by the High Court and Supreme Court. The Assessing Officer's rejection of the deduction claim under Section 80P was remanded for reevaluation in light of court decisions supporting co-operative societies' eligibility. The disallowance of interest income on surplus funds was directed to be re-examined based on recent legal interpretations. All issues were restored to the Assessing Officer for fresh examination, and the validity of reopening assessments was left open for future consideration. Appeals were treated as allowed, and stay petitions were dismissed. en-us Mon, 15 Jun 2020 00:00:00 +0530 Wed, 17 Jun 2020 18:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396030 The Tribunal decided to hear all three appeals together based on settled issues by the High Court and Supreme Court. The Assessing Officer's rejection of the deduction claim under Section 80P was remanded for reevaluation in light of court decisions supporting co-operative societies' eligibility. The disallowance of interest income on surplus funds was directed to be re-examined based on recent legal interpretations. All issues were restored to the Assessing Officer for fresh examination, and the validity of reopening assessments was left open for future consideration. Appeals were treated as allowed, and stay petitions were dismissed. Case-Laws Income Tax Mon, 15 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396030