Claim of Exemption u/s 80(P) of Income Tax Rejected as assesse failed to Prove as Cooperative Society: Kerala HC  stays Recovery of Proceedings [Read Order]

Claim of Exemption - Exemption - Claim - Income Tax - Income Tax Rejected as assesse - assesse - Cooperative Society - Kerala HC - taxscan

In a recent case, the Kerala High Court stayed the recovery proceeding against the cooperative society which was initiated after rejecting the claim of exemption under section 80(P) of the Income Tax Act, 1961 as the assessee failed to prove as a cooperative society which follows the Kerala Co-operative Society Act Rules. Chengaroor Service Co-Operative…

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