https://www.taxtmi.com/caselaws?id=431215 ITAT held that a cooperative society registered under Karnataka Souharda Sahakari Act, 1997 qualifies as a cooperative society under Section 2(19) of the Income Tax Act, following Karnataka HC precedent. The tribunal allowed exemption under Section 80P(2)(a)(i) for income earned from members on credit facilities. Additionally, income earned from another cooperative society was also held exempt, following coordinate bench precedent. The appeal was decided in favor of the assessee. en-us Thu, 24 Nov 2022 00:00:00 +0530 Tue, 24 Jun 2025 15:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431215 ITAT held that a cooperative society registered under Karnataka Souharda Sahakari Act, 1997 qualifies as a cooperative society under Section 2(19) of the Income Tax Act, following Karnataka HC precedent. The tribunal allowed exemption under Section 80P(2)(a)(i) for income earned from members on credit facilities. Additionally, income earned from another cooperative society was also held exempt, following coordinate bench precedent. The appeal was decided in favor of the assessee. Case-Laws Income Tax Thu, 24 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431215