https://www.taxtmi.com/caselaws?id=194880 A credit co-operative society remains eligible for deduction under section 80P(2)(a)(i) where it is not shown to be a co-operative bank within the statutory exclusion under section 80P(4). The analysis states that an insignificant receipt from non-members does not by itself defeat eligibility or convert the society into a co-operative bank. On the facts, the entity was treated as a credit co-operative society, so the Revenue's objection failed and the deduction was allowed to remain available. en-us Wed, 29 Jul 2015 00:00:00 +0530 Thu, 05 Oct 2017 09:32:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194880 A credit co-operative society remains eligible for deduction under section 80P(2)(a)(i) where it is not shown to be a co-operative bank within the statutory exclusion under section 80P(4). The analysis states that an insignificant receipt from non-members does not by itself defeat eligibility or convert the society into a co-operative bank. On the facts, the entity was treated as a credit co-operative society, so the Revenue's objection failed and the deduction was allowed to remain available. Case-Laws Income Tax Wed, 29 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194880