https://www.taxtmi.com/caselaws?id=177724 The appellate tribunal affirmed the Commissioner's decision, dismissing the Revenue's appeal. The judgment clarified that Section 80P(4) of the Income Tax Act, 1961, excludes co-operative banks engaged in banking activities, not credit co-operative societies providing credit facilities to members. The case emphasized the legislative intent to differentiate between these entities, ensuring that societies offering credit services are eligible for deduction under Section 80P. en-us Tue, 28 Apr 2015 00:00:00 +0530 Sat, 16 Jan 2016 08:28:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177724 The appellate tribunal affirmed the Commissioner's decision, dismissing the Revenue's appeal. The judgment clarified that Section 80P(4) of the Income Tax Act, 1961, excludes co-operative banks engaged in banking activities, not credit co-operative societies providing credit facilities to members. The case emphasized the legislative intent to differentiate between these entities, ensuring that societies offering credit services are eligible for deduction under Section 80P. Case-Laws Income Tax Tue, 28 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177724