Nominal & Associate Members Do Not Invalidate Section 80P Deductions: ITAT Panaji

Akshaya Co-Op Credit Society Limited Vs ITO (ITAT Panaji) Panaji ITAT Delivers Landmark 36-Page Order: Wide Relief to 29 Co-op Credit Societies on 80P Deductions- 80P Litigation Simplified: Nominal Members, Co-op Bank Interest & Souharda Status—ITAT Grants Major Relief A batch of 29 appeals by various Co-operative Credit/Souharda Societies covering Goa, Karwar, Belgaum & Nippani were clubbed together as the issues were common & identical, mainly concerning denial of deductions u/s 80P(2)(a)(i) & 80P(2)(d) & additions u/s 68 for demonetization cash deposits. Delay in five ...