https://www.taxtmi.com/caselaws?id=396611 The Tribunal remanded the issue back to the Assessing Officer for a thorough review of a co-operative society's loan disbursements to determine eligibility for deduction u/s 80P(2) of the I.T.Act. Emphasizing compliance with the Kerala Co-operative Societies Act, the Tribunal directed the society to cooperate fully in the examination process. The appeal was allowed for statistical purposes, with the stay application dismissed. The decision underscored the necessity for a detailed assessment of the society's activities to establish eligibility for the deduction under section 80P. en-us Thu, 09 Jul 2020 00:00:00 +0530 Mon, 13 Jul 2020 10:58:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396611 The Tribunal remanded the issue back to the Assessing Officer for a thorough review of a co-operative society's loan disbursements to determine eligibility for deduction u/s 80P(2) of the I.T.Act. Emphasizing compliance with the Kerala Co-operative Societies Act, the Tribunal directed the society to cooperate fully in the examination process. The appeal was allowed for statistical purposes, with the stay application dismissed. The decision underscored the necessity for a detailed assessment of the society's activities to establish eligibility for the deduction under section 80P. Case-Laws Income Tax Thu, 09 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396611