https://www.taxtmi.com/caselaws?id=176978 Section 80P(4) does not deny deduction where the assessee is a co-operative credit society and not a co-operative bank, but eligibility under section 80P(2)(a)(i) still depends on the entity's business activity and statutory character. Because the authorities had not examined the assessee's profit and loss account, balance sheet, objects, and actual operations, the Tribunal held that the factual identity with the cited precedents had to be verified before deciding the claim. The matter was therefore remanded to the Assessing Officer for de novo examination, and the ground was allowed only for statistical purposes. en-us Thu, 28 Aug 2014 00:00:00 +0530 Fri, 01 Jan 2016 10:51:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176978 Section 80P(4) does not deny deduction where the assessee is a co-operative credit society and not a co-operative bank, but eligibility under section 80P(2)(a)(i) still depends on the entity's business activity and statutory character. Because the authorities had not examined the assessee's profit and loss account, balance sheet, objects, and actual operations, the Tribunal held that the factual identity with the cited precedents had to be verified before deciding the claim. The matter was therefore remanded to the Assessing Officer for de novo examination, and the ground was allowed only for statistical purposes. Case-Laws Income Tax Thu, 28 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176978