https://www.taxtmi.com/caselaws?id=252860 The Tribunal allowed the appeal of the assessee, a credit cooperative society, and directed the Assessing Officer to grant the deduction under Section 80P(2)(a)(i) of the Income Tax Act. The decision was based on the interpretation that the assessee did not fall under the classification of a cooperative bank under Section 80P(4) and was eligible for the deduction. The Tribunal relied on legislative intent, CBDT clarification, and judicial precedents to support its decision. en-us Fri, 31 Oct 2014 00:00:00 +0530 Thu, 06 Nov 2014 05:51:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252860 The Tribunal allowed the appeal of the assessee, a credit cooperative society, and directed the Assessing Officer to grant the deduction under Section 80P(2)(a)(i) of the Income Tax Act. The decision was based on the interpretation that the assessee did not fall under the classification of a cooperative bank under Section 80P(4) and was eligible for the deduction. The Tribunal relied on legislative intent, CBDT clarification, and judicial precedents to support its decision. Case-Laws Income Tax Fri, 31 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252860