https://www.taxtmi.com/caselaws?id=251128 The tribunal concluded that the assessee, not qualifying as a primary co-operative bank under section 80P(4) of the Income Tax Act, 1961, is entitled to the deduction under section 80P(2)(a)(i) for income from providing banking or credit facilities to its members. The tribunal dismissed the revenue's appeal, affirming the CIT(A)'s decision to allow the deduction. The assessing officer was instructed to grant the deduction for the relevant income. en-us Fri, 04 Apr 2014 00:00:00 +0530 Fri, 05 Sep 2014 06:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251128 The tribunal concluded that the assessee, not qualifying as a primary co-operative bank under section 80P(4) of the Income Tax Act, 1961, is entitled to the deduction under section 80P(2)(a)(i) for income from providing banking or credit facilities to its members. The tribunal dismissed the revenue's appeal, affirming the CIT(A)'s decision to allow the deduction. The assessing officer was instructed to grant the deduction for the relevant income. Case-Laws Income Tax Fri, 04 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251128