https://www.taxtmi.com/caselaws?id=405656 Entitlement to deduction under section 80P(2)(a)(i) turned on whether the assessee's credit facilities were confined to eligible members and on the effect of nominal or associate membership under Karnataka co-operative law. The record was incomplete because the assessee did not produce the bye-laws, investment details, deposit particulars, or income details relating to non-members, making a final determination impossible on the existing material. In these circumstances, the matter was sent back to the first appellate authority for fresh examination and reconsideration of the deduction claim. The issue was therefore not decided finally on merits. en-us Thu, 04 Mar 2021 00:00:00 +0530 Thu, 25 Mar 2021 09:31:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405656 Entitlement to deduction under section 80P(2)(a)(i) turned on whether the assessee's credit facilities were confined to eligible members and on the effect of nominal or associate membership under Karnataka co-operative law. The record was incomplete because the assessee did not produce the bye-laws, investment details, deposit particulars, or income details relating to non-members, making a final determination impossible on the existing material. In these circumstances, the matter was sent back to the first appellate authority for fresh examination and reconsideration of the deduction claim. The issue was therefore not decided finally on merits. Case-Laws Income Tax Thu, 04 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405656