https://www.taxtmi.com/caselaws?id=402044 The Tribunal allowed the appeal for statistical purposes, remitting the matter to the Assessing Officer (AO) to examine the activities of the co-operative society and determine eligibility for deduction under Section 80P of the Income Tax Act. The Stay Petition filed by the assessee was dismissed as infructuous. The AO is directed to follow the Full Bench judgment and conduct a thorough inquiry into the society's activities before granting the deduction, emphasizing the importance of factual inquiry and adherence to judicial precedents in determining tax deductions. en-us Mon, 05 Oct 2020 00:00:00 +0530 Tue, 22 Dec 2020 18:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402044 The Tribunal allowed the appeal for statistical purposes, remitting the matter to the Assessing Officer (AO) to examine the activities of the co-operative society and determine eligibility for deduction under Section 80P of the Income Tax Act. The Stay Petition filed by the assessee was dismissed as infructuous. The AO is directed to follow the Full Bench judgment and conduct a thorough inquiry into the society's activities before granting the deduction, emphasizing the importance of factual inquiry and adherence to judicial precedents in determining tax deductions. Case-Laws Income Tax Mon, 05 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402044