https://www.taxtmi.com/caselaws?id=248692 A primary agricultural co-operative credit society was held entitled to deduction where credit facilities were extended to Class-B or associate members. The Tamil Nadu Co-operative Societies Act, 1983 defines "member" to include an associate member, so Class-B members were statutorily recognised as members of the society. Denying deduction merely because services were extended to that category would create an impermissible internal classification among members in the absence of an express statutory distinction. The deduction provision was construed liberally, and the distinction between A and B categories was treated as irrelevant for the purpose of the income-tax deduction. en-us Fri, 23 May 2014 00:00:00 +0530 Sat, 21 Jun 2014 08:45:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248692 A primary agricultural co-operative credit society was held entitled to deduction where credit facilities were extended to Class-B or associate members. The Tamil Nadu Co-operative Societies Act, 1983 defines "member" to include an associate member, so Class-B members were statutorily recognised as members of the society. Denying deduction merely because services were extended to that category would create an impermissible internal classification among members in the absence of an express statutory distinction. The deduction provision was construed liberally, and the distinction between A and B categories was treated as irrelevant for the purpose of the income-tax deduction. Case-Laws Income Tax Fri, 23 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248692