https://www.taxtmi.com/caselaws?id=432768 The Tribunal ruled in favor of the appellant on both issues. The appellant was eligible for deductions under Section 80P as entities registered under the Karnataka Souharda Sahakari Act, 1997, qualify as cooperative societies. Additionally, the appellant was not required to deduct TDS on interest payments to its members before June 1, 2015, invalidating the AO's disallowance under Section 40(a)(ia). The appeal was allowed, with the order pronounced on November 17, 2022. en-us Thu, 17 Nov 2022 00:00:00 +0530 Wed, 11 Jan 2023 18:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432768 The Tribunal ruled in favor of the appellant on both issues. The appellant was eligible for deductions under Section 80P as entities registered under the Karnataka Souharda Sahakari Act, 1997, qualify as cooperative societies. Additionally, the appellant was not required to deduct TDS on interest payments to its members before June 1, 2015, invalidating the AO's disallowance under Section 40(a)(ia). The appeal was allowed, with the order pronounced on November 17, 2022. Case-Laws Income Tax Thu, 17 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432768