https://www.taxtmi.com/caselaws?id=248315 Associate members treated as statutory members under section 2(16) of the Tamil Nadu Co-operative Societies Act, 1983 satisfy the membership condition for deduction under section 80P when a primary agricultural co-operative credit society extends credit facilities to them. The tax authorities cannot read a further distinction between voting and non-voting members into section 80P to deny the benefit where the statute does not expressly exclude associate members. Deduction provisions were applied liberally, and the society was held eligible for deduction under section 80P(2)(a)(i) and section 80P(2)(a)(iv) of the Income-tax Act, 1961. en-us Fri, 23 May 2014 00:00:00 +0530 Mon, 09 Jun 2014 14:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248315 Associate members treated as statutory members under section 2(16) of the Tamil Nadu Co-operative Societies Act, 1983 satisfy the membership condition for deduction under section 80P when a primary agricultural co-operative credit society extends credit facilities to them. The tax authorities cannot read a further distinction between voting and non-voting members into section 80P to deny the benefit where the statute does not expressly exclude associate members. Deduction provisions were applied liberally, and the society was held eligible for deduction under section 80P(2)(a)(i) and section 80P(2)(a)(iv) of the Income-tax Act, 1961. Case-Laws Income Tax Fri, 23 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248315