https://www.taxtmi.com/caselaws?id=355169 The Tribunal dismissed the Revenue's appeal and upheld the CIT(A)'s decision to allow the deduction under Section 80P(2) for the primary agricultural credit society registered under the Kerala Co-operative Societies Act, 1969. The Tribunal concluded that the Supreme Court's judgment in The Citizens Co-Operative Society Limited was not applicable to the case, emphasizing the importance of actual activities over registration status. The Tribunal also highlighted the Reserve Bank of India's jurisdiction in determining the society's classification. en-us Thu, 01 Feb 2018 00:00:00 +0530 Fri, 09 Feb 2018 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355169 The Tribunal dismissed the Revenue's appeal and upheld the CIT(A)'s decision to allow the deduction under Section 80P(2) for the primary agricultural credit society registered under the Kerala Co-operative Societies Act, 1969. The Tribunal concluded that the Supreme Court's judgment in The Citizens Co-Operative Society Limited was not applicable to the case, emphasizing the importance of actual activities over registration status. The Tribunal also highlighted the Reserve Bank of India's jurisdiction in determining the society's classification. Case-Laws Income Tax Thu, 01 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355169