https://www.taxtmi.com/caselaws?id=337359 The Tribunal upheld the CIT(A)'s decision to allow the deduction u/s 80P for the Co-operative Society, determining it did not fall under the restriction of section 80P(4) as it was not a cooperative bank but a cooperative society. The Tribunal distinguished between cooperative societies and cooperative banks, emphasizing the society did not require a banking license from the Reserve Bank of India. Consequently, the Tribunal dismissed the Revenue's appeal and the Cross Objection raised by the assessee, affirming the CIT(A)'s order and allowing the deduction u/s 80P for the Co-operative Society for AY 2010-2011. en-us Fri, 04 Nov 2016 00:00:00 +0530 Sat, 07 Jan 2017 10:16:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337359 The Tribunal upheld the CIT(A)'s decision to allow the deduction u/s 80P for the Co-operative Society, determining it did not fall under the restriction of section 80P(4) as it was not a cooperative bank but a cooperative society. The Tribunal distinguished between cooperative societies and cooperative banks, emphasizing the society did not require a banking license from the Reserve Bank of India. Consequently, the Tribunal dismissed the Revenue's appeal and the Cross Objection raised by the assessee, affirming the CIT(A)'s order and allowing the deduction u/s 80P for the Co-operative Society for AY 2010-2011. Case-Laws Income Tax Fri, 04 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337359