https://www.taxtmi.com/caselaws?id=220635 The Court upheld the cooperative society's entitlement to exemption under Section 80P(2)(a)(i) of the Income-tax Act, 1961, for engaging in banking business. The Revenue's appeal challenging the Tribunal's decision to allow the exemption was dismissed. The Court affirmed that cooperative societies involved in banking activities are eligible for the deduction under the mentioned section, following established precedents in similar cases. en-us Wed, 16 Jan 2013 00:00:00 +0530 Fri, 01 Feb 2013 13:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220635 The Court upheld the cooperative society's entitlement to exemption under Section 80P(2)(a)(i) of the Income-tax Act, 1961, for engaging in banking business. The Revenue's appeal challenging the Tribunal's decision to allow the exemption was dismissed. The Court affirmed that cooperative societies involved in banking activities are eligible for the deduction under the mentioned section, following established precedents in similar cases. Case-Laws Income Tax Wed, 16 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220635