https://www.taxtmi.com/caselaws?id=465163 ITAT allowed the assessee's appeal for statistical purposes and remanded the matter to the AO. The assessee, a primary agricultural co-operative society, had been denied deduction under s.80P(2)(a)(i) and s.80P(2)(d) on the ground of dealings with non-members and alleged violation of mutuality. ITAT directed the AO to re-examine the claim afresh in light of the SC ruling in Mavilayi, permitting proportionate deduction for member-related activities. ITAT further instructed the AO to verify whether investments in co-operative banks were made under statutory compulsion and, depending on that finding, to consider eligibility under s.80P(2)(a)(i) or alternatively under s.80P(2)(d) per recent SC precedent. en-us Tue, 06 Feb 2024 00:00:00 +0530 Mon, 08 Dec 2025 18:58:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465163 ITAT allowed the assessee's appeal for statistical purposes and remanded the matter to the AO. The assessee, a primary agricultural co-operative society, had been denied deduction under s.80P(2)(a)(i) and s.80P(2)(d) on the ground of dealings with non-members and alleged violation of mutuality. ITAT directed the AO to re-examine the claim afresh in light of the SC ruling in Mavilayi, permitting proportionate deduction for member-related activities. ITAT further instructed the AO to verify whether investments in co-operative banks were made under statutory compulsion and, depending on that finding, to consider eligibility under s.80P(2)(a)(i) or alternatively under s.80P(2)(d) per recent SC precedent. Case-Laws Income Tax Tue, 06 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465163