https://www.taxtmi.com/caselaws?id=374997 The ITAT Cochin upheld the assessee's entitlement to deduction under section 80P(2)(a)(i) of the Income Tax Act. The court ruled in favor of the assessee, a primary agricultural credit society, stating that societies registered under the Kerala Cooperative Societies Act qualify for the deduction. The validity of the certificate issued by the Assistant Registrar under the Kerala Co-operative Societies Act was confirmed, dismissing the Revenue's challenge. The court dismissed the Revenue's appeal and the Cross Objection by the assessee, emphasizing the importance of proper classification under the Act for tax deduction eligibility. en-us Mon, 04 Feb 2019 00:00:00 +0530 Wed, 13 Feb 2019 06:09:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374997 The ITAT Cochin upheld the assessee's entitlement to deduction under section 80P(2)(a)(i) of the Income Tax Act. The court ruled in favor of the assessee, a primary agricultural credit society, stating that societies registered under the Kerala Cooperative Societies Act qualify for the deduction. The validity of the certificate issued by the Assistant Registrar under the Kerala Co-operative Societies Act was confirmed, dismissing the Revenue's challenge. The court dismissed the Revenue's appeal and the Cross Objection by the assessee, emphasizing the importance of proper classification under the Act for tax deduction eligibility. Case-Laws Income Tax Mon, 04 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374997