https://www.taxtmi.com/caselaws?id=346784 The Tribunal upheld the CIT(A)'s decision, granting the assessee deduction under section 80P(2) of the Income Tax Act for the assessment years 2009-10 to 2011-12. The Tribunal relied on a judgment of the Kerala High Court, which established that a Primary Agricultural Credit Society registered under the Kerala Co-operative Societies Act is eligible for such deduction. Despite the Revenue's arguments against the grant of deduction, the Tribunal affirmed the classification of the assessee as a Primary Agricultural Credit Society and dismissed both the Revenue's appeals and the Cross Objections by the assessee. en-us Mon, 24 Jul 2017 00:00:00 +0530 Wed, 23 Aug 2017 07:47:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346784 The Tribunal upheld the CIT(A)'s decision, granting the assessee deduction under section 80P(2) of the Income Tax Act for the assessment years 2009-10 to 2011-12. The Tribunal relied on a judgment of the Kerala High Court, which established that a Primary Agricultural Credit Society registered under the Kerala Co-operative Societies Act is eligible for such deduction. Despite the Revenue's arguments against the grant of deduction, the Tribunal affirmed the classification of the assessee as a Primary Agricultural Credit Society and dismissed both the Revenue's appeals and the Cross Objections by the assessee. Case-Laws Income Tax Mon, 24 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346784