https://www.taxtmi.com/caselaws?id=401867 The Tribunal held that a souharda sahakari registered under the Karnataka Souharda Sahakari Act, 1997 qualifies as a co-operative society eligible for deduction under Section 80P(2)(a)(i) of the Income Tax Act, 1961. It clarified that the Single Member Bench is not bound to follow a Division Bench's ruling if the case's facts differ. Additionally, the Tribunal dismissed the Revenue's application seeking rectification under Section 254(2), emphasizing the limited scope for rectification and rejecting a review of its order. en-us Wed, 16 Dec 2020 00:00:00 +0530 Thu, 24 Dec 2020 09:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401867 The Tribunal held that a souharda sahakari registered under the Karnataka Souharda Sahakari Act, 1997 qualifies as a co-operative society eligible for deduction under Section 80P(2)(a)(i) of the Income Tax Act, 1961. It clarified that the Single Member Bench is not bound to follow a Division Bench's ruling if the case's facts differ. Additionally, the Tribunal dismissed the Revenue's application seeking rectification under Section 254(2), emphasizing the limited scope for rectification and rejecting a review of its order. Case-Laws Income Tax Wed, 16 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401867