https://www.taxtmi.com/caselaws?id=396550 The Tribunal remanded the case back to the Assessing Officer for a fresh examination to determine if the cooperative societies were eligible for deduction under section 80P(2)(a)(i) of the Income Tax Act. The Tribunal found that the Assessing Officer had not adequately investigated the nature and purpose of the loan disbursements, specifically regarding agricultural activities and loans to non-members. The appeals were allowed for statistical purposes, and the assessees were directed to cooperate with the Assessing Officer for further assessment. en-us Tue, 07 Jul 2020 00:00:00 +0530 Fri, 10 Jul 2020 08:10:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396550 The Tribunal remanded the case back to the Assessing Officer for a fresh examination to determine if the cooperative societies were eligible for deduction under section 80P(2)(a)(i) of the Income Tax Act. The Tribunal found that the Assessing Officer had not adequately investigated the nature and purpose of the loan disbursements, specifically regarding agricultural activities and loans to non-members. The appeals were allowed for statistical purposes, and the assessees were directed to cooperate with the Assessing Officer for further assessment. Case-Laws Income Tax Tue, 07 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396550