https://www.taxtmi.com/caselaws?id=252216 The Tribunal held that the assessee, a co-operative bank, did not qualify for the deduction under Section 80P of the Income Tax Act as its main activities were banking-related rather than agricultural credit. The concept of mutuality was deemed inapplicable. The appeal was dismissed, upholding the disallowance of the deduction. The decision was pronounced on 25-07-2014. en-us Fri, 25 Jul 2014 00:00:00 +0530 Wed, 15 Oct 2014 06:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252216 The Tribunal held that the assessee, a co-operative bank, did not qualify for the deduction under Section 80P of the Income Tax Act as its main activities were banking-related rather than agricultural credit. The concept of mutuality was deemed inapplicable. The appeal was dismissed, upholding the disallowance of the deduction. The decision was pronounced on 25-07-2014. Case-Laws Income Tax Fri, 25 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252216