https://www.taxtmi.com/caselaws?id=170242 The Tribunal allowed the appeal of the assessee, a credit co-operative society, holding that it is entitled to the deduction under section 80P(2)(a)(i) of the Income-tax Act. The Tribunal clarified that section 80P(4) applies only to co-operative banks, not credit co-operative societies, affirming the assessee's eligibility for the deduction. The judgment emphasized the distinction between these entities and upheld the legislative intent to grant tax benefits to credit co-operative societies under section 80P(2)(a)(i). en-us Fri, 01 Aug 2014 00:00:00 +0530 Mon, 09 Mar 2015 11:06:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170242 The Tribunal allowed the appeal of the assessee, a credit co-operative society, holding that it is entitled to the deduction under section 80P(2)(a)(i) of the Income-tax Act. The Tribunal clarified that section 80P(4) applies only to co-operative banks, not credit co-operative societies, affirming the assessee's eligibility for the deduction. The judgment emphasized the distinction between these entities and upheld the legislative intent to grant tax benefits to credit co-operative societies under section 80P(2)(a)(i). Case-Laws Income Tax Fri, 01 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170242