https://www.taxtmi.com/caselaws?id=342666 The Tribunal remitted the issue to the Assessing Officer to determine profits attributable to credit facility activities, allowing deduction under section 80P(2)(a)(i) for a co-operative society engaged in both credit facilities and housing activities. It directed the AO to allocate profits accordingly, permitting appropriate deductions. Additionally, the Tribunal allowed deduction for interest earned from co-operative banks under section 80P(2)(a)(i) based on precedent, granting the appeals for statistical purposes. en-us Mon, 09 Jan 2017 00:00:00 +0530 Wed, 10 May 2017 07:22:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342666 The Tribunal remitted the issue to the Assessing Officer to determine profits attributable to credit facility activities, allowing deduction under section 80P(2)(a)(i) for a co-operative society engaged in both credit facilities and housing activities. It directed the AO to allocate profits accordingly, permitting appropriate deductions. Additionally, the Tribunal allowed deduction for interest earned from co-operative banks under section 80P(2)(a)(i) based on precedent, granting the appeals for statistical purposes. Case-Laws Income Tax Mon, 09 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342666