https://www.taxtmi.com/caselaws?id=177239 The tribunal determined that the appellant, classified as a primary co-operative bank under the Banking Regulation Act, 1949, was not entitled to deductions under Section 80P(2)(a)(i) of the Income Tax Act. As the appellant accepted deposits from the general public and met the specified criteria, Section 80P(4) applied, disqualifying them from the claimed deductions. Consequently, both appeals were dismissed, affirming the decisions of the lower authorities. en-us Fri, 14 Mar 2014 00:00:00 +0530 Tue, 05 Jan 2016 22:32:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177239 The tribunal determined that the appellant, classified as a primary co-operative bank under the Banking Regulation Act, 1949, was not entitled to deductions under Section 80P(2)(a)(i) of the Income Tax Act. As the appellant accepted deposits from the general public and met the specified criteria, Section 80P(4) applied, disqualifying them from the claimed deductions. Consequently, both appeals were dismissed, affirming the decisions of the lower authorities. Case-Laws Income Tax Fri, 14 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177239