https://www.taxtmi.com/caselaws?id=280767 A primary agricultural credit society registered and classified under the Kerala Cooperative Societies Act, 1969 is treated as eligible for deduction under section 80P(2) of the Income-tax Act, 1961. The stated legal position is that State-law classification governs the society's status for this purpose, and income-tax authorities cannot re-examine that classification to deny the benefit under section 80P(4). The jurisdictional High Court view relied on supports deduction for such societies, making the disallowance unsustainable on that footing. en-us Mon, 31 Oct 2016 00:00:00 +0530 Tue, 21 May 2019 06:17:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280767 A primary agricultural credit society registered and classified under the Kerala Cooperative Societies Act, 1969 is treated as eligible for deduction under section 80P(2) of the Income-tax Act, 1961. The stated legal position is that State-law classification governs the society's status for this purpose, and income-tax authorities cannot re-examine that classification to deny the benefit under section 80P(4). The jurisdictional High Court view relied on supports deduction for such societies, making the disallowance unsustainable on that footing. Case-Laws Income Tax Mon, 31 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280767