ITAT Orders Re-adjudication on Section 80P(2)(e) Deduction for Agricultural Loans Provided to Members under Income Tax Act [Read Order]

The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has issued an order for re-adjudication regarding the deduction for agricultural loans provided to members under Section 80P(2)(e) of the Income Tax Act, 1961. The Assessee, M/s. Savanoor Primary Agricultural Co-operative Society Ltd, is a cooperative society registered under the Karnataka State Cooperative Societies Act,…