https://www.taxtmi.com/caselaws?id=248523 A primary agricultural co-operative credit society was held entitled to deduction under section 80P(2)(a)(i) and section 80P(2)(iv) where credit facilities were extended to Class-B or associate members. The Tribunal noted that the Tamil Nadu Co-operative Societies Act, 1983 treats an associate member as a member, so denial of deduction on the basis of an internal A/B classification created an impermissible distinction within the statutory class of members. Deduction provisions were construed liberally, and lending to associate members satisfied the membership requirement for the claim. en-us Fri, 23 May 2014 00:00:00 +0530 Sat, 14 Jun 2014 21:44:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248523 A primary agricultural co-operative credit society was held entitled to deduction under section 80P(2)(a)(i) and section 80P(2)(iv) where credit facilities were extended to Class-B or associate members. The Tribunal noted that the Tamil Nadu Co-operative Societies Act, 1983 treats an associate member as a member, so denial of deduction on the basis of an internal A/B classification created an impermissible distinction within the statutory class of members. Deduction provisions were construed liberally, and lending to associate members satisfied the membership requirement for the claim. Case-Laws Income Tax Fri, 23 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248523