https://www.taxtmi.com/caselaws?id=300328 The ITAT ruled in favor of the appellant, a credit co-operative society, allowing the deduction under section 80P of the Income Tax Act. The ITAT held that the appellant, registered under the Karnataka Souharda Sahakari Act, 1997, should be recognized as a co-operative society based on a High Court judgment. The matter was remanded to the Assessing Officer for further examination. The ITAT's decision primarily focused on the deduction issue, with no detailed analysis provided on the interest levied under sections 234B and 234C of the Act. en-us Mon, 20 Sep 2021 00:00:00 +0530 Mon, 24 Jan 2022 20:17:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300328 The ITAT ruled in favor of the appellant, a credit co-operative society, allowing the deduction under section 80P of the Income Tax Act. The ITAT held that the appellant, registered under the Karnataka Souharda Sahakari Act, 1997, should be recognized as a co-operative society based on a High Court judgment. The matter was remanded to the Assessing Officer for further examination. The ITAT's decision primarily focused on the deduction issue, with no detailed analysis provided on the interest levied under sections 234B and 234C of the Act. Case-Laws Income Tax Mon, 20 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300328