https://www.taxtmi.com/caselaws?id=244089 The Tribunal ruled in favor of the cooperative societies, allowing their appeals and dismissing the Revenue's appeals. It held that cooperative societies providing credit facilities to members are eligible for deductions under Section 80P(2)(a)(i) of the Income Tax Act, and that sub-section (4) does not apply to such cases. Additionally, the Tribunal determined that building fund additions in the income of cooperative societies are eligible for deduction under Section 80P, following the precedent set by the Supreme Court in a related case. en-us Fri, 31 Jan 2014 00:00:00 +0530 Mon, 10 Feb 2014 12:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244089 The Tribunal ruled in favor of the cooperative societies, allowing their appeals and dismissing the Revenue's appeals. It held that cooperative societies providing credit facilities to members are eligible for deductions under Section 80P(2)(a)(i) of the Income Tax Act, and that sub-section (4) does not apply to such cases. Additionally, the Tribunal determined that building fund additions in the income of cooperative societies are eligible for deduction under Section 80P, following the precedent set by the Supreme Court in a related case. Case-Laws Income Tax Fri, 31 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244089