https://www.taxtmi.com/caselaws?id=334651 A primary agricultural credit society classified under the Kerala Cooperative Societies Act was treated as eligible for deduction on the basis that the High Court ruling accepted such societies as within the scope of section 80P(2), with section 80P(4) not applying to them. Once that status was accepted, the interest payments also fell within the exemption from tax deduction at source under section 194A(3)(viia), so the disallowance linked to non-deduction of tax could not stand. The assessee thus succeeded on both substantive tax issues, and the cross objection raised no independent grievance. en-us Fri, 14 Oct 2016 00:00:00 +0530 Thu, 17 Nov 2016 15:35:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334651 A primary agricultural credit society classified under the Kerala Cooperative Societies Act was treated as eligible for deduction on the basis that the High Court ruling accepted such societies as within the scope of section 80P(2), with section 80P(4) not applying to them. Once that status was accepted, the interest payments also fell within the exemption from tax deduction at source under section 194A(3)(viia), so the disallowance linked to non-deduction of tax could not stand. The assessee thus succeeded on both substantive tax issues, and the cross objection raised no independent grievance. Case-Laws Income Tax Fri, 14 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334651