https://www.taxtmi.com/caselaws?id=258878 The Tribunal upheld the cooperative society's claim for deduction under Section 80P(2)(a)(i), ruling that Section 80P(4) does not apply to cooperative societies, distinguishing them from cooperative banks. This decision aligned with legal precedents and CBDT clarifications, affirming the cooperative society's entitlement to the deduction and dismissing the Revenue's appeal. The Tribunal emphasized the legislative disparity between cooperative banks and societies, ensuring the continued benefit of deductions for the latter under Section 80P(2)(a)(i). en-us Thu, 05 Mar 2015 00:00:00 +0530 Wed, 22 Apr 2015 21:13:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258878 The Tribunal upheld the cooperative society's claim for deduction under Section 80P(2)(a)(i), ruling that Section 80P(4) does not apply to cooperative societies, distinguishing them from cooperative banks. This decision aligned with legal precedents and CBDT clarifications, affirming the cooperative society's entitlement to the deduction and dismissing the Revenue's appeal. The Tribunal emphasized the legislative disparity between cooperative banks and societies, ensuring the continued benefit of deductions for the latter under Section 80P(2)(a)(i). Case-Laws Income Tax Thu, 05 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258878