2017 (11) TMI 1624

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..... OR THE APPELLANT : SRI.SANGRAM S.KULKARNI, ADV. FOR THE RESPODNENT : SRI.Y.V.RAVIRAJ, ADV. JUDGMENT This appeal is filed by the assessee challenging t he order passed by the Income Tax Appellate Tribunal, Panaji, (for short 'ITAT'), in I.T.A.No.02/PNJ/2014 , for the assessment year 2009-2010. 2. The assessee is a Multipurpose Co-operative Society registered under the Karnataka State Co-oper .....

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..... the Tribunal was justified in law in holding that the provisions of Section 80P(4) of the Income Tax Act, 1961 are applicable to the assessee society when the Assessee Society is a Multipurpose Co-operative Society and not a Primary Co-operative Bank on the facts and circumstances of the case? iii) Whether the orders under challenge suffer from infirmities in considering the fact that the Incom .....

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..... that in view o f the dictum pronounced by the Hon'ble Apex Court in the case of THE CITIZEN CO-OPERATIVE SOCIETY LIMITED, THROUGH ITS MANAGING DIRECTOR, HYDERABAD in Civil Appeal No.10245/2017 (disposed of on 08.08.2017), what is required to be noticed by the Assessing Officer for allowing the deduction under Section 80P(2)(a)(i), is firstly that the activities of the assessee is catering to two .....

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