https://www.taxtmi.com/caselaws?id=281299 The Appellate Tribunal ITAT COCHIN ruled that the assessee, a primary agricultural credit society, is entitled to deduction u/s. 80P(2)(a)(i) of the I.T.Act for the assessment year 2014-2015. The Tribunal relied on the precedent set by the High Court of Kerala, emphasizing that such societies, classified under the State law, are eligible for the deduction due to their primary objective of agricultural credit activities. The Tribunal dismissed the Revenue's appeal, affirming the assessee's entitlement to the deduction under section 80P(2) of the Act. en-us Mon, 23 Jul 2018 00:00:00 +0530 Thu, 13 Jun 2019 06:15:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281299 The Appellate Tribunal ITAT COCHIN ruled that the assessee, a primary agricultural credit society, is entitled to deduction u/s. 80P(2)(a)(i) of the I.T.Act for the assessment year 2014-2015. The Tribunal relied on the precedent set by the High Court of Kerala, emphasizing that such societies, classified under the State law, are eligible for the deduction due to their primary objective of agricultural credit activities. The Tribunal dismissed the Revenue's appeal, affirming the assessee's entitlement to the deduction under section 80P(2) of the Act. Case-Laws Income Tax Mon, 23 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281299