https://www.taxtmi.com/caselaws?id=337686 The ITAT allowed the appeal by the cooperative credit society, holding that it is not eligible for the deduction under section 80P. The ITAT found that the society's activities did not align with the specific criteria outlined in the statute for Primary Agricultural and Rural Development Banks. Additionally, the ITAT granted the deduction of Rs. 1784272 under section 80P to the society, overturning the dismissal of the appeal for non-prosecution by the CIT(Appeals) and emphasizing the availability of facts on record to support the deduction. en-us Fri, 06 Jan 2017 00:00:00 +0530 Sat, 14 Jan 2017 07:22:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337686 The ITAT allowed the appeal by the cooperative credit society, holding that it is not eligible for the deduction under section 80P. The ITAT found that the society's activities did not align with the specific criteria outlined in the statute for Primary Agricultural and Rural Development Banks. Additionally, the ITAT granted the deduction of Rs. 1784272 under section 80P to the society, overturning the dismissal of the appeal for non-prosecution by the CIT(Appeals) and emphasizing the availability of facts on record to support the deduction. Case-Laws Income Tax Fri, 06 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337686