Held that the assessee which is a co-operative society registered under Karnataka Souharda Sahakari Act, 1997 would be construed as co-operative society within ambit of section 2(19) and thus, would be entitled to claim benefit of section 80P of the Act.(AY. 2013-14, 2014-15)
Government of India Ministry of Finance v. Karnataka State Souharda Federal Co-operative Ltd. (2022] 285 Taxman 529 / 211 DTR 105 / 325 CTR 280 (Karn.)(HC)/Swabhimani Souharda Credit Co -Operative Ltd v . ITO (2022] 285 Taxman 529/ 211 DTR 105/ 325 CTR 280 (Karn) (HC)
S. 80P : Co-operative societies-A co-operative society registered under Karnataka Souharda Sahakari Act, 1997 would be construed as co-operative society-Entitle to claim benefit. [S. 2(19)]