https://www.taxtmi.com/caselaws?id=768865 The Tribunal remanded the case to the Assessing Officer for fresh examination of a co-operative society's eligibility for deduction under Section 80P of the Income-tax Act. The AO had denied the deduction because the society failed to provide evidence that its loans were disbursed only to members. Following Supreme Court guidance, the Tribunal directed a detailed verification of whether the society dealt exclusively with members and the purpose of each loan disbursement. The appeals were allowed for statistical purposes, with the society instructed to provide comprehensive evidence of its income sources and member dealings. en-us Fri, 29 Nov 2024 00:00:00 +0530 Tue, 15 Apr 2025 08:35:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768865 The Tribunal remanded the case to the Assessing Officer for fresh examination of a co-operative society's eligibility for deduction under Section 80P of the Income-tax Act. The AO had denied the deduction because the society failed to provide evidence that its loans were disbursed only to members. Following Supreme Court guidance, the Tribunal directed a detailed verification of whether the society dealt exclusively with members and the purpose of each loan disbursement. The appeals were allowed for statistical purposes, with the society instructed to provide comprehensive evidence of its income sources and member dealings. Case-Laws Income Tax Fri, 29 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768865