https://www.taxtmi.com/caselaws?id=411890 The Tribunal set aside the disallowance of deduction under section 80P(2)(a)(i) by the assessing officer and CIT(A) due to the violation of mutuality principles by the assessee. The issues were restored to the Assessing Officer for fresh examination in consideration of relevant legal decisions, particularly a Supreme Court ruling. The Tribunal emphasized the need for a comprehensive reassessment of the eligibility for deductions under section 80P in the context of cooperative society operations. en-us Thu, 02 Sep 2021 00:00:00 +0530 Mon, 06 Sep 2021 11:26:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411890 The Tribunal set aside the disallowance of deduction under section 80P(2)(a)(i) by the assessing officer and CIT(A) due to the violation of mutuality principles by the assessee. The issues were restored to the Assessing Officer for fresh examination in consideration of relevant legal decisions, particularly a Supreme Court ruling. The Tribunal emphasized the need for a comprehensive reassessment of the eligibility for deductions under section 80P in the context of cooperative society operations. Case-Laws Income Tax Thu, 02 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411890