https://www.taxtmi.com/caselaws?id=367729 The Tribunal upheld that the primary agricultural credit societies were entitled to deductions under section 80P(2) of the Income Tax Act. It was determined that interest income received from investments with co-operative banks qualified for deduction under section 80P(2)(a)(i) as it formed part of the banking activities. The Tribunal dismissed the Revenue's appeals, aligning with the High Court's judgments and other relevant legal precedents. en-us Wed, 19 Sep 2018 00:00:00 +0530 Thu, 23 Dec 2021 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367729 The Tribunal upheld that the primary agricultural credit societies were entitled to deductions under section 80P(2) of the Income Tax Act. It was determined that interest income received from investments with co-operative banks qualified for deduction under section 80P(2)(a)(i) as it formed part of the banking activities. The Tribunal dismissed the Revenue's appeals, aligning with the High Court's judgments and other relevant legal precedents. Case-Laws Income Tax Wed, 19 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367729