https://www.taxtmi.com/caselaws?id=195299 The appeal was filed by the revenue against the order of the CIT(A) regarding the disallowance of deduction under section 80P(2)(a)(i) of the IT Act for the assessment year 2007-08. The CIT(A) had deleted the disallowance, allowing the deduction for the cooperative society providing credit facilities to members. The revenue argued for reversal based on the amendment inserting sub-section (4) of section 80P, but the appellate authority upheld the CIT(A)'s decision, stating that the cooperative society was eligible for the deduction under section 80P(2)(a)(i) as it was not a cooperative bank. The revenue's appeal was dismissed. en-us Thu, 07 Mar 2013 00:00:00 +0530 Wed, 25 Oct 2017 18:37:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195299 The appeal was filed by the revenue against the order of the CIT(A) regarding the disallowance of deduction under section 80P(2)(a)(i) of the IT Act for the assessment year 2007-08. The CIT(A) had deleted the disallowance, allowing the deduction for the cooperative society providing credit facilities to members. The revenue argued for reversal based on the amendment inserting sub-section (4) of section 80P, but the appellate authority upheld the CIT(A)'s decision, stating that the cooperative society was eligible for the deduction under section 80P(2)(a)(i) as it was not a cooperative bank. The revenue's appeal was dismissed. Case-Laws Income Tax Thu, 07 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195299