https://www.taxtmi.com/caselaws?id=191502 A primary agricultural co-operative society was held entitled to deduction under section 80P because credit facilities extended to associate members could not be denied merely on the ground that they were Class-B or non-voting members. The governing Tamil Nadu Co-operative Societies Act recognised associate members as members, and the distinction sought between voting and associate members was found unwarranted. The deduction provision was construed liberally, and the objection to deduction failed in light of the assessee's own earlier decision and supporting High Court authority. en-us Wed, 23 Sep 2015 00:00:00 +0530 Thu, 06 Apr 2017 10:02:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191502 A primary agricultural co-operative society was held entitled to deduction under section 80P because credit facilities extended to associate members could not be denied merely on the ground that they were Class-B or non-voting members. The governing Tamil Nadu Co-operative Societies Act recognised associate members as members, and the distinction sought between voting and associate members was found unwarranted. The deduction provision was construed liberally, and the objection to deduction failed in light of the assessee's own earlier decision and supporting High Court authority. Case-Laws Income Tax Wed, 23 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191502