https://www.taxtmi.com/caselaws?id=190787 The Tribunal upheld the decision of the Lower Court in favor of the assessee, allowing the deduction under section 80P of the Income Tax Act. The Tribunal found that the society in question qualified as a cooperative society and therefore was entitled to the deduction, despite some violations of bye-laws. The appeals challenging the validity of additions made under section 68 of the Act were dismissed, affirming that the income from regular banking business was eligible for the deduction under section 80P. en-us Thu, 30 Jun 2011 00:00:00 +0530 Mon, 27 Feb 2017 17:30:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190787 The Tribunal upheld the decision of the Lower Court in favor of the assessee, allowing the deduction under section 80P of the Income Tax Act. The Tribunal found that the society in question qualified as a cooperative society and therefore was entitled to the deduction, despite some violations of bye-laws. The appeals challenging the validity of additions made under section 68 of the Act were dismissed, affirming that the income from regular banking business was eligible for the deduction under section 80P. Case-Laws Income Tax Thu, 30 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190787