https://www.taxtmi.com/caselaws?id=244087 The Tribunal upheld the CIT(Appeals) decision, confirming that the appellant, a credit cooperative society, was entitled to the deduction under Sec. 80P(2)(a)(i) of the Income Tax Act. The judgment clarified the distinction between cooperative banks and credit cooperative societies for tax purposes, emphasizing that Sec. 80P(4) applied to banks and not credit societies. The ruling dismissed the Revenue's argument, affirming the appellant's eligibility for the deduction. en-us Fri, 07 Feb 2014 00:00:00 +0530 Tue, 18 Feb 2014 06:39:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244087 The Tribunal upheld the CIT(Appeals) decision, confirming that the appellant, a credit cooperative society, was entitled to the deduction under Sec. 80P(2)(a)(i) of the Income Tax Act. The judgment clarified the distinction between cooperative banks and credit cooperative societies for tax purposes, emphasizing that Sec. 80P(4) applied to banks and not credit societies. The ruling dismissed the Revenue's argument, affirming the appellant's eligibility for the deduction. Case-Laws Income Tax Fri, 07 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244087