https://www.taxtmi.com/caselaws?id=184895 The Tribunal upheld the decision of the CIT(Appeals) in favor of the assessee, dismissing the Revenue's appeal. It was determined that the assessee, classified as a credit co-operative society and not a co-operative bank, was eligible for the deduction under section 80P(2) for AY 2008-09. The Tribunal relied on the definition of "co-operative bank" under the Banking Regulation Act, 1949, and a CBDT circular to support its decision, emphasizing the distinction between co-operative banks and credit co-operative societies. The judgment was delivered on March 21, 2014, at Chennai. en-us Fri, 21 Mar 2014 00:00:00 +0530 Sat, 23 Jul 2016 20:31:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184895 The Tribunal upheld the decision of the CIT(Appeals) in favor of the assessee, dismissing the Revenue's appeal. It was determined that the assessee, classified as a credit co-operative society and not a co-operative bank, was eligible for the deduction under section 80P(2) for AY 2008-09. The Tribunal relied on the definition of "co-operative bank" under the Banking Regulation Act, 1949, and a CBDT circular to support its decision, emphasizing the distinction between co-operative banks and credit co-operative societies. The judgment was delivered on March 21, 2014, at Chennai. Case-Laws Income Tax Fri, 21 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184895