https://www.taxtmi.com/caselaws?id=417518 The Tribunal allowed the appeal by the assessee, holding that souharda cooperatives registered under the Karnataka Souharda Sahakari Act, 1997, are entitled to deduction under section 80P of the Income Tax Act. The decision aligned with the legislative history and cooperative principles, resolving discrepancies in previous decisions and clarifying the interpretation of the term "co-operative society" under the Act. The Tribunal directed the Assessing Officer to re-examine the claim in accordance with law, setting aside the Commissioner's order for fresh examination. en-us Wed, 17 Nov 2021 00:00:00 +0530 Mon, 24 Jan 2022 20:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417518 The Tribunal allowed the appeal by the assessee, holding that souharda cooperatives registered under the Karnataka Souharda Sahakari Act, 1997, are entitled to deduction under section 80P of the Income Tax Act. The decision aligned with the legislative history and cooperative principles, resolving discrepancies in previous decisions and clarifying the interpretation of the term "co-operative society" under the Act. The Tribunal directed the Assessing Officer to re-examine the claim in accordance with law, setting aside the Commissioner's order for fresh examination. Case-Laws Income Tax Wed, 17 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417518