https://www.taxtmi.com/caselaws?id=400013 The Tribunal remanded the case to the Assessing Officer for a fresh examination to determine if the cooperative society was eligible for a deduction under Section 80P(2) of the Income Tax Act. The Assessing Officer was directed to investigate each loan disbursement to ascertain if they were for agricultural purposes, following a High Court judgment. The Tribunal emphasized the need for cooperation from the assessee and timely submission of required details. The appeal was allowed for statistical purposes, and the stay application was dismissed as the case was disposed of. en-us Wed, 21 Oct 2020 00:00:00 +0530 Sat, 24 Oct 2020 19:28:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400013 The Tribunal remanded the case to the Assessing Officer for a fresh examination to determine if the cooperative society was eligible for a deduction under Section 80P(2) of the Income Tax Act. The Assessing Officer was directed to investigate each loan disbursement to ascertain if they were for agricultural purposes, following a High Court judgment. The Tribunal emphasized the need for cooperation from the assessee and timely submission of required details. The appeal was allowed for statistical purposes, and the stay application was dismissed as the case was disposed of. Case-Laws Income Tax Wed, 21 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400013