https://www.taxtmi.com/circulars?id=8287 Deduction under Section 80P concerns relief to cooperative societies and whether Regional Rural Banks qualify; although a prior CBDT circular had deemed RRBs to be cooperative societies, an amendment excluded most cooperative banks from Section 80P and the Board clarifies that RRBs are not eligible for the deduction from the relevant assessment year, withdrawing the earlier deeming circular and directing field officers to take remedial action. en-us Mon, 20 Sep 2010 00:00:00 +0530 Tue, 12 Oct 2010 14:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8287 Deduction under Section 80P concerns relief to cooperative societies and whether Regional Rural Banks qualify; although a prior CBDT circular had deemed RRBs to be cooperative societies, an amendment excluded most cooperative banks from Section 80P and the Board clarifies that RRBs are not eligible for the deduction from the relevant assessment year, withdrawing the earlier deeming circular and directing field officers to take remedial action. Circulars Income Tax Mon, 20 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8287