https://www.taxtmi.com/caselaws?id=261244 The Tribunal ruled in favor of the assessee regarding the deduction under Section 80P(2)(a)(i) of the Income-tax Act, 1961, holding that credit co-operative societies are entitled to the deduction as Section 80P(4) applies exclusively to co-operative banks. However, the Tribunal upheld the CIT's direction for a fresh assessment on the issue of disallowance under Section 40(a)(ia) of the Act. en-us Mon, 29 Jun 2015 00:00:00 +0530 Mon, 06 Jul 2015 13:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261244 The Tribunal ruled in favor of the assessee regarding the deduction under Section 80P(2)(a)(i) of the Income-tax Act, 1961, holding that credit co-operative societies are entitled to the deduction as Section 80P(4) applies exclusively to co-operative banks. However, the Tribunal upheld the CIT's direction for a fresh assessment on the issue of disallowance under Section 40(a)(ia) of the Act. Case-Laws Income Tax Mon, 29 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261244