https://www.taxtmi.com/caselaws?id=751797 ITAT Kolkata allowed the appeal of a cooperative society after condoning a 105-day delay in filing, citing the society's remote location and officers' irregular email checking habits as bonafide circumstances. The tribunal held that the Primary Agricultural Credit Society was entitled to deduction under Section 80P(2)(i) for income from credit facilities provided to members, following the Mavilayi Services Cooperative Bank SC precedent. However, the society failed to establish that all credit recipients were members, so the matter was remanded to AO for verification and proper determination of eligible deduction amounts. en-us Mon, 15 Apr 2024 00:00:00 +0530 Thu, 25 Apr 2024 11:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751797 ITAT Kolkata allowed the appeal of a cooperative society after condoning a 105-day delay in filing, citing the society's remote location and officers' irregular email checking habits as bonafide circumstances. The tribunal held that the Primary Agricultural Credit Society was entitled to deduction under Section 80P(2)(i) for income from credit facilities provided to members, following the Mavilayi Services Cooperative Bank SC precedent. However, the society failed to establish that all credit recipients were members, so the matter was remanded to AO for verification and proper determination of eligible deduction amounts. Case-Laws Income Tax Mon, 15 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751797