Income Earned by Co-operative Society is eligible for Deduction u/s 80P(2)(a)(i) of Income Tax Act: ITAT [Read Order]

By Sunayana Dhal - On July 14, 2023 9:00 am - 2 mins read
ITAT - Co-operative Society - West Bengal Co-operative Societies Act - Income Earned by Co-operative Society - taxscan

The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that the income earned by the co-operative society is eligible for deduction under Section 80P(2)(a)(i) of the Income Tax Act, 1961. The assessee is a co-operative society under the West Bengal Co-operative Societies Act, of 1940. The main objective of the assessee is a…

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