2020 (2) TMI 1095

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....ONER (BY SRI. SHIVRAJ S BALLOLI, ADVOCATE)   RESPONDENT(S) (BY SRI. Y V RAVIRAJ, ADV. FOR R1-R3) (SMT. VEENA HEGDE, AGA FOR R4)   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 the Constitution of India praying to declare that the word "Co-operati....

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....her 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 Cooperative Societies Act, 1959, (for short, '1959 Act') the Principal Bench in the a....

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....d by the concerned authorities." 4. The question involved in the present writ petition 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 benefit of Section 80P of the 1961 Act. The question is answered by the Principal Bench ....