https://www.taxtmi.com/caselaws?id=420042 The High Court addressed the validity of assessment orders passed in writ petitions by cooperative societies disputing tax demands. The Court considered the entitlement of cooperative credit societies to benefits under Section 80P of the Income Tax Act, relying on legal precedents. Pending a related Supreme Court appeal, the High Court directed assessment orders to be kept in abeyance. It emphasized interpreting Section 80P liberally in favor of the assessee. The appellate authority was instructed to consider the claims of the respondents in line with legal precedents, resulting in modifications to the impugned orders without costs incurred. en-us Thu, 10 Mar 2022 00:00:00 +0530 Fri, 25 Mar 2022 08:36:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420042 The High Court addressed the validity of assessment orders passed in writ petitions by cooperative societies disputing tax demands. The Court considered the entitlement of cooperative credit societies to benefits under Section 80P of the Income Tax Act, relying on legal precedents. Pending a related Supreme Court appeal, the High Court directed assessment orders to be kept in abeyance. It emphasized interpreting Section 80P liberally in favor of the assessee. The appellate authority was instructed to consider the claims of the respondents in line with legal precedents, resulting in modifications to the impugned orders without costs incurred. Case-Laws Income Tax Thu, 10 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420042