https://www.taxtmi.com/caselaws?id=293091 A co-operative society that exceeds the membership limits prescribed by the Karnataka Co-operative Societies Act, 1959 cannot claim deduction under section 80P on the footing of compliant co-operative status. The Tribunal noted a categorical finding that the society had 384 associate members against the permissible 15% limit of 1,738 regular members, and the assessee failed to dislodge that breach. Authorities relied on by the assessee were treated as inapplicable because they involved a different factual position. The tax benefit was therefore denied, and the issue was decided against the assessee. en-us Fri, 08 Nov 2019 00:00:00 +0530 Sat, 23 Jan 2021 10:26:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293091 A co-operative society that exceeds the membership limits prescribed by the Karnataka Co-operative Societies Act, 1959 cannot claim deduction under section 80P on the footing of compliant co-operative status. The Tribunal noted a categorical finding that the society had 384 associate members against the permissible 15% limit of 1,738 regular members, and the assessee failed to dislodge that breach. Authorities relied on by the assessee were treated as inapplicable because they involved a different factual position. The tax benefit was therefore denied, and the issue was decided against the assessee. Case-Laws Income Tax Fri, 08 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293091