https://www.taxtmi.com/caselaws?id=413514 The Tribunal allowed the appeal for statistical purposes, remanding the issues of deduction under sections 80P(2)(a)(i) and 80P(2)(d) of the Income Tax Act back to the Assessing Officer for fresh consideration. The Tribunal emphasized the importance of granting a proper opportunity for assessment in accordance with legal principles and relevant case law, particularly highlighting the need to examine the eligibility for deductions based on mutuality principles and the specific provisions of the Karnataka Co-operative Societies Act. en-us Mon, 11 Oct 2021 00:00:00 +0530 Tue, 12 Oct 2021 18:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413514 The Tribunal allowed the appeal for statistical purposes, remanding the issues of deduction under sections 80P(2)(a)(i) and 80P(2)(d) of the Income Tax Act back to the Assessing Officer for fresh consideration. The Tribunal emphasized the importance of granting a proper opportunity for assessment in accordance with legal principles and relevant case law, particularly highlighting the need to examine the eligibility for deductions based on mutuality principles and the specific provisions of the Karnataka Co-operative Societies Act. Case-Laws Income Tax Mon, 11 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413514