https://www.taxtmi.com/caselaws?id=258839 The Tribunal held that the assessee, classified as a co-operative society and not a co-operative bank, is entitled to deduction under section 80P(2)(a)(i) of the Income-tax Act. The Tribunal referred to precedents and clarified that section 80P(4) applies only to co-operative banks, not to credit co-operative societies like the assessee. Consequently, the Tribunal allowed the appeal by the assessee, setting aside the Commissioner of Income-tax (Appeals) order, and pronounced judgment in favor of the assessee on September 19, 2014. en-us Fri, 19 Sep 2014 00:00:00 +0530 Tue, 21 Apr 2015 19:34:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258839 The Tribunal held that the assessee, classified as a co-operative society and not a co-operative bank, is entitled to deduction under section 80P(2)(a)(i) of the Income-tax Act. The Tribunal referred to precedents and clarified that section 80P(4) applies only to co-operative banks, not to credit co-operative societies like the assessee. Consequently, the Tribunal allowed the appeal by the assessee, setting aside the Commissioner of Income-tax (Appeals) order, and pronounced judgment in favor of the assessee on September 19, 2014. Case-Laws Income Tax Fri, 19 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258839