https://www.taxtmi.com/caselaws?id=369867 A primary agricultural credit society registered under the Kerala Cooperative Societies Act was treated as entitled to deduction under Section 80P of the Income-tax Act, notwithstanding Section 80P(4). The jurisdictional High Court's binding view was followed that once a society is classified under State cooperative law, income-tax authorities cannot re-examine that factual classification to deny the Section 80P benefit. On that basis, the deduction claim was allowed and the Revenue's challenge failed. en-us Thu, 01 Nov 2018 00:00:00 +0530 Sat, 03 Nov 2018 13:36:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369867 A primary agricultural credit society registered under the Kerala Cooperative Societies Act was treated as entitled to deduction under Section 80P of the Income-tax Act, notwithstanding Section 80P(4). The jurisdictional High Court's binding view was followed that once a society is classified under State cooperative law, income-tax authorities cannot re-examine that factual classification to deny the Section 80P benefit. On that basis, the deduction claim was allowed and the Revenue's challenge failed. Case-Laws Income Tax Thu, 01 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369867