https://www.taxtmi.com/caselaws?id=332438 The High Court upheld the Tribunal's decision in a tax case appeal, affirming the eligibility of a primary agricultural society for deduction under Section 80 P (2) (a) (i) for interest received from non-agricultural society members. The Court also confirmed the entitlement of Class B members to the deduction despite limitations on their voting and meeting rights. Additionally, the Court supported the deduction under Section 80 P (2) (d) for interest earned from a cooperative bank, emphasizing the cooperative nature and benefits to society members. The appeal was dismissed in favor of the assessee based on the cooperative structure and purpose of the entities involved. en-us Wed, 10 Aug 2016 00:00:00 +0530 Sat, 17 Sep 2016 11:36:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332438 The High Court upheld the Tribunal's decision in a tax case appeal, affirming the eligibility of a primary agricultural society for deduction under Section 80 P (2) (a) (i) for interest received from non-agricultural society members. The Court also confirmed the entitlement of Class B members to the deduction despite limitations on their voting and meeting rights. Additionally, the Court supported the deduction under Section 80 P (2) (d) for interest earned from a cooperative bank, emphasizing the cooperative nature and benefits to society members. The appeal was dismissed in favor of the assessee based on the cooperative structure and purpose of the entities involved. Case-Laws Income Tax Wed, 10 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332438