https://www.taxtmi.com/caselaws?id=396578 The Tribunal directed the Assessing Officer to conduct a detailed inquiry into the purpose of each loan disbursement by the assessees to ascertain if they qualify as primary agricultural credit societies. The issue was remanded back to the Assessing Officer for fresh consideration in line with the Full Bench judgment emphasizing a case-by-case assessment for eligibility under section 80P. The Tribunal stressed the need for a thorough examination to differentiate between agricultural and non-agricultural loans. The appeals were allowed for statistical purposes, and stay applications were dismissed as the appeals were disposed of. en-us Wed, 08 Jul 2020 00:00:00 +0530 Sat, 11 Jul 2020 11:31:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396578 The Tribunal directed the Assessing Officer to conduct a detailed inquiry into the purpose of each loan disbursement by the assessees to ascertain if they qualify as primary agricultural credit societies. The issue was remanded back to the Assessing Officer for fresh consideration in line with the Full Bench judgment emphasizing a case-by-case assessment for eligibility under section 80P. The Tribunal stressed the need for a thorough examination to differentiate between agricultural and non-agricultural loans. The appeals were allowed for statistical purposes, and stay applications were dismissed as the appeals were disposed of. Case-Laws Income Tax Wed, 08 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396578