https://www.taxtmi.com/caselaws?id=396610 The Tribunal condoned the delay in filing the appeal due to reasons beyond the assessee's control. Regarding the denial of the deduction under section 80P(2)(a)(i) of the Income Tax Act, the Tribunal remanded the case to the Assessing Officer for a detailed examination of the loan disbursements to ascertain their agricultural nature. Emphasizing the need for an annual verification of eligibility for deductions, the Tribunal stressed that the Assessing Officer should not solely rely on the registration certificate but must independently assess the activities of the cooperative society. The appeal was allowed for statistical purposes, and the stay application was dismissed. en-us Thu, 09 Jul 2020 00:00:00 +0530 Mon, 13 Jul 2020 10:58:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396610 The Tribunal condoned the delay in filing the appeal due to reasons beyond the assessee's control. Regarding the denial of the deduction under section 80P(2)(a)(i) of the Income Tax Act, the Tribunal remanded the case to the Assessing Officer for a detailed examination of the loan disbursements to ascertain their agricultural nature. Emphasizing the need for an annual verification of eligibility for deductions, the Tribunal stressed that the Assessing Officer should not solely rely on the registration certificate but must independently assess the activities of the cooperative society. The appeal was allowed for statistical purposes, and the stay application was dismissed. Case-Laws Income Tax Thu, 09 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396610