https://www.taxtmi.com/caselaws?id=328183 Section 80P(4) excludes co-operative banks, other than a primary agricultural credit society or a primary co-operative agricultural and rural development bank, from the deduction. The expressions are drawn from the Banking Regulation Act, and a co-operative bank includes a State co-operative bank, a central co-operative bank, and a primary co-operative bank. The text explains that the assessee was treated as falling within the excluded co-operative bank category, was not a primary co-operative agricultural and rural development bank because its area of operation was not confined to a taluk, and did not qualify as a primary agricultural credit society because its law allowed admission of another co-operative society as a member. The deduction was therefore unavailable. en-us Thu, 26 Nov 2015 00:00:00 +0530 Sat, 28 May 2016 08:39:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328183 Section 80P(4) excludes co-operative banks, other than a primary agricultural credit society or a primary co-operative agricultural and rural development bank, from the deduction. The expressions are drawn from the Banking Regulation Act, and a co-operative bank includes a State co-operative bank, a central co-operative bank, and a primary co-operative bank. The text explains that the assessee was treated as falling within the excluded co-operative bank category, was not a primary co-operative agricultural and rural development bank because its area of operation was not confined to a taluk, and did not qualify as a primary agricultural credit society because its law allowed admission of another co-operative society as a member. The deduction was therefore unavailable. Case-Laws Income Tax Thu, 26 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328183