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Souharda Society Wins 80P Deduction – ITAT Rejects Technical Denial & Expands Benefit
Case Law Details
- Case Name
- G M Souharda Pattina Sahakara Nyt Vs ITO (ITAT Bangalore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Bangalore
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G M Souharda Pattina Sahakara Nyt Vs ITO (ITAT Bangalore)
Souharda Society Wins 80P Deduction – ITAT Rejects Technical Denial & Expands Benefit
In G M Souharda Pattina Sahakara Niyamitha, the Bangalore ITAT dealt with denial of deduction u/s 80P(2)(a)(i) to a Souharda co-operative society.
The Assessing Officer had denied deduction on the ground that:
The assessee was not registered under the Karnataka Co-operative Societies Act, and
Allegedly earned income from non-members.
The CIT(A) also denied deduction relying on Mavilayi Service Co-operative Bank Ltd.
However, th...
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