https://www.taxtmi.com/caselaws?id=220466 The High Court upheld the exemption under Section 80P (2) (a) (i) for interest earned by a Co-operative Society running a Co-operative Bank, despite the bye laws specifying loans to women members only. Relying on established legal principles and precedents, the Court dismissed the Revenue Department's appeal, affirming that income from banking activities of the Society is rightfully exempted under the mentioned section. The decision aligned with previous judgments and interpretations of the Income Tax Act, resulting in a ruling in favor of the respondent-assessee regarding the deduction and exemption claimed. en-us Tue, 15 Jan 2013 00:00:00 +0530 Thu, 24 Jan 2013 14:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220466 The High Court upheld the exemption under Section 80P (2) (a) (i) for interest earned by a Co-operative Society running a Co-operative Bank, despite the bye laws specifying loans to women members only. Relying on established legal principles and precedents, the Court dismissed the Revenue Department's appeal, affirming that income from banking activities of the Society is rightfully exempted under the mentioned section. The decision aligned with previous judgments and interpretations of the Income Tax Act, resulting in a ruling in favor of the respondent-assessee regarding the deduction and exemption claimed. Case-Laws Income Tax Tue, 15 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220466