https://www.taxtmi.com/caselaws?id=340536 A society classified by the competent Registrar as a primary agricultural credit society under the Kerala Cooperative Societies Act was held entitled to deduction under section 80P(2) of the Income-tax Act despite the restriction in section 80P(4). The statutory classification under the State cooperative law was treated as decisive, and the income-tax authorities could not disregard that registered status or re-examine it contrary to the competent authority's certificate. On that basis, the disallowance of the deduction was held unsustainable and the assessee's claim was allowed. en-us Mon, 13 Mar 2017 00:00:00 +0530 Thu, 23 Mar 2017 09:09:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340536 A society classified by the competent Registrar as a primary agricultural credit society under the Kerala Cooperative Societies Act was held entitled to deduction under section 80P(2) of the Income-tax Act despite the restriction in section 80P(4). The statutory classification under the State cooperative law was treated as decisive, and the income-tax authorities could not disregard that registered status or re-examine it contrary to the competent authority's certificate. On that basis, the disallowance of the deduction was held unsustainable and the assessee's claim was allowed. Case-Laws Income Tax Mon, 13 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340536