https://www.taxtmi.com/caselaws?id=337871 The Tribunal upheld the CIT(A)'s decision in favor of the Cooperative Society, allowing the deduction under section 80P(2) of the Income Tax Act. The Tribunal emphasized the society's classification as a primary agricultural credit society under the Kerala Cooperative Societies Act as crucial for eligibility. The decision aligned with the precedent set by the jurisdictional High Court, emphasizing the significance of the society's primary business activities in determining entitlement to the deduction. The appeal by the revenue was dismissed, affirming the benefit of section 80P(2) for the Cooperative Society. 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 The Tribunal upheld the CIT(A)'s decision in favor of the Cooperative Society, allowing the deduction under section 80P(2) of the Income Tax Act. The Tribunal emphasized the society's classification as a primary agricultural credit society under the Kerala Cooperative Societies Act as crucial for eligibility. The decision aligned with the precedent set by the jurisdictional High Court, emphasizing the significance of the society's primary business activities in determining entitlement to the deduction. The appeal by the revenue was dismissed, affirming the benefit of section 80P(2) for the Cooperative Society. Case-Laws Income Tax Fri, 06 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337871