The Assessing Officer disallowed the benefit of deduction under section 80P(2)(a)(i) of the Act. The Commissioner (Appeals) reversed the order of the Assessing Officer. On appeal by the department the Tribunal affirmed the order of CIT(A). (AY. 2016-17)
ITO v. Pavagada Souharda Multi Purpose Co-Operative Ltd. (2021) 91 ITR 16 (SN) (Bang.)(Trib.)
S. 80P : Co-operative societies-Souhardasahakari Registered Under Karnataka Souharda Co-Operative Act, 1997-Eligible For Deduction [S. 2(19), 80P(2)(a)(i)]