https://www.taxtmi.com/caselaws?id=244082 Section 80P(4) withdraws deduction only from a co-operative bank, while a co-operative society providing credit facilities to its members remains eligible under section 80P(2)(a)(i). On the facts, there was no material to show that the assessee was a co-operative bank within the Banking Regulation Act, 1949, and its nominal member structure did not convert it into one. The assessee was found to function as a credit co-operative society, not a co-operative bank, and was therefore entitled to the deduction. en-us Fri, 23 Aug 2013 00:00:00 +0530 Thu, 07 Nov 2013 10:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244082 Section 80P(4) withdraws deduction only from a co-operative bank, while a co-operative society providing credit facilities to its members remains eligible under section 80P(2)(a)(i). On the facts, there was no material to show that the assessee was a co-operative bank within the Banking Regulation Act, 1949, and its nominal member structure did not convert it into one. The assessee was found to function as a credit co-operative society, not a co-operative bank, and was therefore entitled to the deduction. Case-Laws Income Tax Fri, 23 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244082