https://www.taxtmi.com/caselaws?id=254036 A credit co-operative society whose primary object was to provide credit facilities to its members remained distinct from a co-operative bank, so the exclusion in section 80P(4) did not apply and deduction under section 80P(2)(a)(i) was available. The amendment to section 2(24)(viia) and the CBDT clarification did not remove that deduction for such societies. The appellate authority could also grant the lawful deduction even though it had not been claimed in the return, and the error in the e-return was treated as capable of rectification under section 154. en-us Fri, 18 Jul 2014 00:00:00 +0530 Thu, 11 Dec 2014 05:56:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254036 A credit co-operative society whose primary object was to provide credit facilities to its members remained distinct from a co-operative bank, so the exclusion in section 80P(4) did not apply and deduction under section 80P(2)(a)(i) was available. The amendment to section 2(24)(viia) and the CBDT clarification did not remove that deduction for such societies. The appellate authority could also grant the lawful deduction even though it had not been claimed in the return, and the error in the e-return was treated as capable of rectification under section 154. Case-Laws Income Tax Fri, 18 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254036