https://www.taxtmi.com/caselaws?id=399443 The Tribunal remanded the issue to the Assessing Officer to verify the activities of a cooperative society for eligibility of deduction under section 80P(2) of the Income-tax Act. The Tribunal directed examination of interest income received on investments to determine deduction eligibility under section 80P for such income. The appeals were allowed for statistical purposes, dismissing Stay Applications as infructuous, emphasizing the need for factual inquiry into the activities of the societies for deduction eligibility under section 80P, following rulings of the jurisdictional High Court. en-us Thu, 08 Oct 2020 00:00:00 +0530 Sat, 10 Oct 2020 16:03:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399443 The Tribunal remanded the issue to the Assessing Officer to verify the activities of a cooperative society for eligibility of deduction under section 80P(2) of the Income-tax Act. The Tribunal directed examination of interest income received on investments to determine deduction eligibility under section 80P for such income. The appeals were allowed for statistical purposes, dismissing Stay Applications as infructuous, emphasizing the need for factual inquiry into the activities of the societies for deduction eligibility under section 80P, following rulings of the jurisdictional High Court. Case-Laws Income Tax Thu, 08 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399443