https://www.taxtmi.com/caselaws?id=374997 A primary agricultural credit society validly classified under the Kerala Co-operative Societies Act was treated as entitled to deduction under section 80P(2)(a)(i), and the income-tax authorities could not deny that benefit by re-characterising it as a banking concern under section 80P(4). The Tribunal also accepted that the certificate and classification were issued within the statutory framework, as the Joint Registrar had authority to act under government notification and the Form 3A certificate was valid. On that basis, the Revenue's objections to both the deduction and the PACS classification were rejected. 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 A primary agricultural credit society validly classified under the Kerala Co-operative Societies Act was treated as entitled to deduction under section 80P(2)(a)(i), and the income-tax authorities could not deny that benefit by re-characterising it as a banking concern under section 80P(4). The Tribunal also accepted that the certificate and classification were issued within the statutory framework, as the Joint Registrar had authority to act under government notification and the Form 3A certificate was valid. On that basis, the Revenue's objections to both the deduction and the PACS classification were rejected. Case-Laws Income Tax Mon, 04 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374997