https://www.taxtmi.com/caselaws?id=412553 The Tribunal allowed the appellant's appeal, ruling in favor of the appellant's eligibility for deduction under section 80P of the Income Tax Act. It held that entities registered under the Karnataka Souhardha Sahakari Act, 1997, qualify as cooperative societies under section 2(19) of the Income Tax Act. The Tribunal directed the Assessing Officer to reassess the appellant's claim for deduction under section 80P and found no justification for levying interest under sections 234B and 234C, providing relief to the appellant on these grounds. en-us Mon, 20 Sep 2021 00:00:00 +0530 Tue, 21 Sep 2021 08:25:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412553 The Tribunal allowed the appellant's appeal, ruling in favor of the appellant's eligibility for deduction under section 80P of the Income Tax Act. It held that entities registered under the Karnataka Souhardha Sahakari Act, 1997, qualify as cooperative societies under section 2(19) of the Income Tax Act. The Tribunal directed the Assessing Officer to reassess the appellant's claim for deduction under section 80P and found no justification for levying interest under sections 234B and 234C, providing relief to the appellant on these grounds. Case-Laws Income Tax Mon, 20 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412553