https://www.taxtmi.com/caselaws?id=367820 A primary agricultural credit society duly registered and classified under the Kerala Co-operative Societies Act, 1969 is entitled to deduction under section 80P of the Income-tax Act, 1961. The controlling principle is that income-tax authorities cannot go behind the State-law classification to deny the benefit where the society is so recognised by the competent authority. Section 80P(4) does not displace that entitlement on these facts, and the deduction remains available to such societies. The conclusion is that the assessee qualified for section 80P relief. en-us Mon, 24 Sep 2018 00:00:00 +0530 Wed, 26 Sep 2018 08:49:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367820 A primary agricultural credit society duly registered and classified under the Kerala Co-operative Societies Act, 1969 is entitled to deduction under section 80P of the Income-tax Act, 1961. The controlling principle is that income-tax authorities cannot go behind the State-law classification to deny the benefit where the society is so recognised by the competent authority. Section 80P(4) does not displace that entitlement on these facts, and the deduction remains available to such societies. The conclusion is that the assessee qualified for section 80P relief. Case-Laws Income Tax Mon, 24 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367820