https://www.taxtmi.com/caselaws?id=354121 A primary agricultural credit society registered and classified under the Kerala Co-operative Societies Act was entitled to deduction under Section 80P because, following Chirakkal, income-tax authorities could not go behind that statutory classification to re-examine its status. Citizens Co-operative Society was distinguished on its different statutory setting and factual matrix, including the treatment of nominal members, so the Revenue could not deny the deduction by characterising the society as a co-operative bank. The Revenue's appeals were rejected on that basis. en-us Mon, 15 Jan 2018 00:00:00 +0530 Thu, 18 Jan 2018 08:25:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354121 A primary agricultural credit society registered and classified under the Kerala Co-operative Societies Act was entitled to deduction under Section 80P because, following Chirakkal, income-tax authorities could not go behind that statutory classification to re-examine its status. Citizens Co-operative Society was distinguished on its different statutory setting and factual matrix, including the treatment of nominal members, so the Revenue could not deny the deduction by characterising the society as a co-operative bank. The Revenue's appeals were rejected on that basis. Case-Laws Income Tax Mon, 15 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354121