https://www.taxtmi.com/caselaws?id=354048 Section 80P deduction is unavailable to a co-operative bank unless it falls within the statutory exceptions in section 80P(4); a society whose area of operation is not confined to a taluk does not satisfy the definition of a primary co-operative agricultural and rural development bank. On the assessee's bye-laws, its area of operation extended beyond a taluk, so it could not claim the exception and the denial of deduction was upheld in favour of the Revenue. en-us Wed, 20 Dec 2017 00:00:00 +0530 Wed, 17 Jan 2018 12:02:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354048 Section 80P deduction is unavailable to a co-operative bank unless it falls within the statutory exceptions in section 80P(4); a society whose area of operation is not confined to a taluk does not satisfy the definition of a primary co-operative agricultural and rural development bank. On the assessee's bye-laws, its area of operation extended beyond a taluk, so it could not claim the exception and the denial of deduction was upheld in favour of the Revenue. Case-Laws Income Tax Wed, 20 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354048