https://www.taxtmi.com/caselaws?id=283250 A primary agricultural credit society is not covered by the exclusion in section 80P(4), which applies to co-operative banks; deduction under section 80P was therefore allowed. A provision for bad debts was not deductible because the amount had not been written off in the books as irrecoverable, and a mere provision does not satisfy the statutory requirement. The matter was otherwise remanded for fresh consideration on the remaining legal and connected issues. en-us Wed, 26 Oct 2016 00:00:00 +0530 Mon, 16 Sep 2019 11:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283250 A primary agricultural credit society is not covered by the exclusion in section 80P(4), which applies to co-operative banks; deduction under section 80P was therefore allowed. A provision for bad debts was not deductible because the amount had not been written off in the books as irrecoverable, and a mere provision does not satisfy the statutory requirement. The matter was otherwise remanded for fresh consideration on the remaining legal and connected issues. Case-Laws Income Tax Wed, 26 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283250