https://www.taxtmi.com/caselaws?id=244075 Section 80P(4) withdraws deduction only from a cooperative bank, not from a cooperative credit society carrying on credit activities with its members. The distinction between a cooperative bank and a cooperative credit society was treated as material, and the CBDT circular was relied upon to support that section 80P(4) does not govern societies of the assessee's type. On that construction, the assessee remained entitled to deduction under section 80P(2)(a)(i), and the disallowance was not sustainable. en-us Fri, 08 Apr 2011 00:00:00 +0530 Fri, 22 Aug 2025 14:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244075 Section 80P(4) withdraws deduction only from a cooperative bank, not from a cooperative credit society carrying on credit activities with its members. The distinction between a cooperative bank and a cooperative credit society was treated as material, and the CBDT circular was relied upon to support that section 80P(4) does not govern societies of the assessee's type. On that construction, the assessee remained entitled to deduction under section 80P(2)(a)(i), and the disallowance was not sustainable. Case-Laws Income Tax Fri, 08 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244075