https://www.taxtmi.com/caselaws?id=179377 The tribunal upheld the denial of the deduction under section 80P(2)(a)(i) for the assessee, an apex cooperative society, as it was deemed to function as a state cooperative bank. The matter was remitted back to the Assessing Officer to ascertain if any activities of the assessee could qualify for deduction as a state land development bank. Additionally, the tribunal rejected the assessee's late claim for contribution to the staff retirement benefit fund, emphasizing that claims must follow the prescribed statutory process and can only be admitted under exceptional circumstances by appellate authorities. en-us Wed, 23 Feb 2011 00:00:00 +0530 Mon, 21 Aug 2023 16:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179377 The tribunal upheld the denial of the deduction under section 80P(2)(a)(i) for the assessee, an apex cooperative society, as it was deemed to function as a state cooperative bank. The matter was remitted back to the Assessing Officer to ascertain if any activities of the assessee could qualify for deduction as a state land development bank. Additionally, the tribunal rejected the assessee's late claim for contribution to the staff retirement benefit fund, emphasizing that claims must follow the prescribed statutory process and can only be admitted under exceptional circumstances by appellate authorities. Case-Laws Income Tax Wed, 23 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179377