Entities Under Souharda Act Qualify for Section 80P Tax Deductions, Despite Nomenclature Differences in Cooperative Definitions.

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....Deduction u/s 80P - entities registered under the Souharda Act - Merely, because separate definitions are provided for the words “Co-operative” and “Co-operative Society” under Section 2[e] and [g] respectively of Sec.2 of Souharda Act, it cannot be construed as their characteristic is different, since their nomenclature is different. Importance has to be given to the word “Cooperative” which is found in both the enactments i.e., Act No.11 of 1959 and Act No.17 of 1997, as adjective pre-fixed to the noun that means the characteristic of the organization/institution while applying the principle of hormonial construction and interpretation of the laws, especially the laws which are intended to promote the organization of that character. - Benefit cannot be denied to the assessee - HC....