https://www.taxtmi.com/caselaws?id=305283 The ITAT PANAJI allowed the appeal filed by the appellant, confirming its status as a cooperative society eligible for exemption under section 80P(2)(a)(i) of the Income Tax Act, 1961. The appellant, not holding a banking license and registered under the Cooperative Societies Act, was deemed a cooperative society, not a cooperative bank, entitling it to the claimed deduction. The decision, based on legal precedent, emphasized the importance of the registration certificate under the Cooperative Societies Act. The order was pronounced on November 18, 2021. en-us Thu, 18 Nov 2021 00:00:00 +0530 Fri, 25 Nov 2022 22:10:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305283 The ITAT PANAJI allowed the appeal filed by the appellant, confirming its status as a cooperative society eligible for exemption under section 80P(2)(a)(i) of the Income Tax Act, 1961. The appellant, not holding a banking license and registered under the Cooperative Societies Act, was deemed a cooperative society, not a cooperative bank, entitling it to the claimed deduction. The decision, based on legal precedent, emphasized the importance of the registration certificate under the Cooperative Societies Act. The order was pronounced on November 18, 2021. Case-Laws Income Tax Thu, 18 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305283