https://www.taxtmi.com/caselaws?id=417075 Entities registered under the Karnataka Souharda Sahakari Act, 1997 are treated as "co-operative society" within Section 2(19) of the Income-tax Act, 1961 because that definition covers societies registered under a State law for registration of co-operative societies. The Souharda Act is a State enactment governing co-operative institutions, and its scheme, objects and preamble support a broad construction aligned with the co-operative movement. The later amendment to Section 2(e) of the Souharda Act, expressly linking Souharda co-operatives to the Income-tax Act, further supports this interpretation. On that basis, such entities are entitled to claim deduction under Section 80P, subject to the statutory conditions. en-us Mon, 20 Dec 2021 00:00:00 +0530 Wed, 11 Feb 2026 11:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417075 Entities registered under the Karnataka Souharda Sahakari Act, 1997 are treated as "co-operative society" within Section 2(19) of the Income-tax Act, 1961 because that definition covers societies registered under a State law for registration of co-operative societies. The Souharda Act is a State enactment governing co-operative institutions, and its scheme, objects and preamble support a broad construction aligned with the co-operative movement. The later amendment to Section 2(e) of the Souharda Act, expressly linking Souharda co-operatives to the Income-tax Act, further supports this interpretation. On that basis, such entities are entitled to claim deduction under Section 80P, subject to the statutory conditions. Case-Laws Income Tax Mon, 20 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417075