https://www.taxtmi.com/caselaws?id=407676 The Kerala High Court ruled in favor of a society registered under the Kerala Co-operative Societies Act, 1969, allowing their claim for exemption from Income-tax under section 80P(2)(a)(i) of the Income-tax Act, 1961. The court considered the applicability of section 80P to primary credit societies and relied on the Supreme Court's decision in a similar case. The High Court set aside previous orders denying the exemption and granted the appellant the sought-after exemption for the assessment year 2010-11, in line with the Supreme Court's interpretation. No costs were awarded in this matter. en-us Thu, 18 Feb 2021 00:00:00 +0530 Tue, 09 Aug 2022 17:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407676 The Kerala High Court ruled in favor of a society registered under the Kerala Co-operative Societies Act, 1969, allowing their claim for exemption from Income-tax under section 80P(2)(a)(i) of the Income-tax Act, 1961. The court considered the applicability of section 80P to primary credit societies and relied on the Supreme Court's decision in a similar case. The High Court set aside previous orders denying the exemption and granted the appellant the sought-after exemption for the assessment year 2010-11, in line with the Supreme Court's interpretation. No costs were awarded in this matter. Case-Laws Income Tax Thu, 18 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407676