https://www.taxtmi.com/caselaws?id=279828 The Appellate Tribunal allowed the appeal filed by the cooperative society, ruling that it qualified for the deduction under section 80P of the Income Tax Act. The Tribunal determined that the society, dealing exclusively with its members and not the public, should be considered a cooperative society and not a bank. This decision was supported by various judicial precedents, including those from the Gujarat High Court and Karnataka High Court, which clarified the distinction between cooperative societies and cooperative banks in claiming deductions under section 80P. en-us Thu, 26 Mar 2015 00:00:00 +0530 Mon, 08 Apr 2019 00:39:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279828 The Appellate Tribunal allowed the appeal filed by the cooperative society, ruling that it qualified for the deduction under section 80P of the Income Tax Act. The Tribunal determined that the society, dealing exclusively with its members and not the public, should be considered a cooperative society and not a bank. This decision was supported by various judicial precedents, including those from the Gujarat High Court and Karnataka High Court, which clarified the distinction between cooperative societies and cooperative banks in claiming deductions under section 80P. Case-Laws Income Tax Thu, 26 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279828