https://www.taxtmi.com/caselaws?id=188606 A regional rural bank was considered entitled to deduction under section 80P(2)(a)(i) because it was treated as a co-operative society under the Regional Rural Banks Act, 1976. On that basis, section 80P(4) did not operate to deny the deduction on the facts accepted by the Tribunal. The Tribunal also followed its earlier decision in the assessee's own case and declined to accept the contrary reliance on Circular No. 6/2010 by the lower authorities. The disallowance was therefore set aside in the assessee's favour. en-us Thu, 23 Aug 2012 00:00:00 +0530 Fri, 29 Sep 2017 11:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188606 A regional rural bank was considered entitled to deduction under section 80P(2)(a)(i) because it was treated as a co-operative society under the Regional Rural Banks Act, 1976. On that basis, section 80P(4) did not operate to deny the deduction on the facts accepted by the Tribunal. The Tribunal also followed its earlier decision in the assessee's own case and declined to accept the contrary reliance on Circular No. 6/2010 by the lower authorities. The disallowance was therefore set aside in the assessee's favour. Case-Laws Income Tax Thu, 23 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188606