Sec. 80P relief not allowable merely by looking at class of society as per registration certificate, SLP granted

INCOME TAX : SLP granted against High Court ruling that while considering claim made by an assessee-society for deduction under section 80P after introduction of sub-section (4) thereof, Assessing Officer cannot extend benefits available, by merely looking at class of society as per certificate of registration issued under Central or State Co-operative Societies Act and Rules made thereunder, rather he has to conduct an enquiry into factual situation as to activities of assessee-society and arri

from www.taxmann.com Latest Case Laws https://ift.tt/2ufiO7G