https://www.taxtmi.com/caselaws?id=178229 The Tribunal determined that the assessee is not a primary co-operative bank as it did not meet all the conditions outlined in the Banking Regulation Act, 1949. Consequently, the assessee remains eligible for deduction under Section 80P(2)(a)(i) of the Income Tax Act, 1961, and Section 80P(4) does not apply. The Revenue's appeal was dismissed, affirming the CIT(A)'s decision to grant the deduction to the assessee. en-us Fri, 11 Apr 2014 00:00:00 +0530 Sat, 30 Jan 2016 15:28:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178229 The Tribunal determined that the assessee is not a primary co-operative bank as it did not meet all the conditions outlined in the Banking Regulation Act, 1949. Consequently, the assessee remains eligible for deduction under Section 80P(2)(a)(i) of the Income Tax Act, 1961, and Section 80P(4) does not apply. The Revenue's appeal was dismissed, affirming the CIT(A)'s decision to grant the deduction to the assessee. Case-Laws Income Tax Fri, 11 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178229