An assessee registered under the Karnataka Souharda Sahakari Act, 1997 is a co-operative society coming within the definition of the term in section 2(19) of the Income-tax Act, 1961 , and hence, deduction under section 80P(2) cannot be denied .( AY.2016-17)
Sri Rama Souharda Credit Co-Operative Ltd. v. ITO (2021) 85 ITR 58 (SN)(Bang) (Trib)
S. 80P : Co-operative societies – Entity Registered Under Karnataka Souharda Sahakari Act, 1997 — Co-Operative Society eligible for deduction [ S. 2(19), 80P(2)(a)(i) ]