2020 (2) TMI 838

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....- -<br>Income Tax<br>MR.S.G. PANDIT J. PETITIONER (BY SRI. H R KAMBIYAVAR & SMT. PATRI SHASHIKALA, ADVS.) &nbsp; RESPONDENTS (BY SRI. Y V RAVIRAJ, ADV. FOR R1-R3) (SMT. VEENA HEGDE, AGA FOR R4 AND R5) &nbsp; ORDER The petitioner-Credit Souharda Sahakari Niyamita registered under the Karnataka Souharda Sahakari Act, 1997 (for short, '1997 Act') is before this Court under Article 226 of ....

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....n, wherein the Court had framed following issue for its consideration: "Whether an entity registered under the Karnataka Souharda Sahakari Act, 1997 fits into the definition of "co-operative society" as enacted by Section 2(19) of the Income Tax Act, 1961 for the purpose of Section 80P thereof. 3. After referring to Section 80P of the 1961 Act, the provisions of 1997 Act and Karnataka ....

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....ir effect on the claim of the petitioner-like-societies have been left to be addressed by the concerned authorities." 4. The question involved in the present writ petitions is also to the effect that whether the petitioner- Society registered under the 1997 Act is to be treated on par with Co-operative Society registered under the 1959 Act and whether the petitioner would be entitled for the be....