https://www.taxtmi.com/caselaws?id=398551 The Tribunal ordered a fresh examination by the Assessing Officer to determine if the loans disbursed by the cooperative society were for agricultural purposes. The Assessing Officer was directed to follow the precedent set in the Mavilayi case and make a decision based on a thorough assessment of the society's activities. The issue was remanded for further review in accordance with the law. Consequently, the appeals by the assessee were allowed for statistical purposes, and the stay applications were dismissed as infructuous. en-us Wed, 16 Sep 2020 00:00:00 +0530 Fri, 18 Sep 2020 17:54:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398551 The Tribunal ordered a fresh examination by the Assessing Officer to determine if the loans disbursed by the cooperative society were for agricultural purposes. The Assessing Officer was directed to follow the precedent set in the Mavilayi case and make a decision based on a thorough assessment of the society's activities. The issue was remanded for further review in accordance with the law. Consequently, the appeals by the assessee were allowed for statistical purposes, and the stay applications were dismissed as infructuous. Case-Laws Income Tax Wed, 16 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398551