https://www.taxtmi.com/caselaws?id=337871 A primary agricultural credit society registered under the Kerala Co-operative Societies Act, 1969 remained entitled to deduction under Section 80P(2) of the Income-tax Act because its statutory classification as a primary agricultural credit society was ative. The jurisdictional High Court's binding view was that income-tax authorities cannot reopen that classification, and that conclusion governed the claim for Section 80P relief. The Revenue's reliance on banking activity and Section 80P(4) did not displace that position on the facts found. The appellate direction to allow the deduction was therefore upheld. en-us Fri, 06 Jan 2017 00:00:00 +0530 Thu, 19 Jan 2017 08:31:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337871 A primary agricultural credit society registered under the Kerala Co-operative Societies Act, 1969 remained entitled to deduction under Section 80P(2) of the Income-tax Act because its statutory classification as a primary agricultural credit society was ative. The jurisdictional High Court's binding view was that income-tax authorities cannot reopen that classification, and that conclusion governed the claim for Section 80P relief. The Revenue's reliance on banking activity and Section 80P(4) did not displace that position on the facts found. The appellate direction to allow the deduction was therefore upheld. Case-Laws Income Tax Fri, 06 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337871