https://www.taxtmi.com/caselaws?id=257035 The Tribunal held that the Assessee, a cooperative society, is entitled to a deduction under Section 80P(2)(a)(i) of the Income Tax Act as it does not meet the criteria to be classified as a primary cooperative bank under Section 80P(4). The Assessee's activities of providing banking or credit facilities to its members qualify for the deduction. The Tribunal dismissed the revenue's appeal and upheld the decision allowing the deduction, granting relief to the Assessee. en-us Wed, 11 Feb 2015 00:00:00 +0530 Tue, 24 Feb 2015 16:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257035 The Tribunal held that the Assessee, a cooperative society, is entitled to a deduction under Section 80P(2)(a)(i) of the Income Tax Act as it does not meet the criteria to be classified as a primary cooperative bank under Section 80P(4). The Assessee's activities of providing banking or credit facilities to its members qualify for the deduction. The Tribunal dismissed the revenue's appeal and upheld the decision allowing the deduction, granting relief to the Assessee. Case-Laws Income Tax Wed, 11 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257035