https://www.taxtmi.com/caselaws?id=284176 The ITAT upheld the Ld. Commissioner of Income Tax (A)'s decision, confirming the eligibility of the assessee, a Primary Agriculture Co-op Society Ltd., for deductions u/s 80P of the Income Tax Act, 1961. The Tribunal ruled that the revenue generated by the assessee primarily stemmed from providing credit facilities and supplies to its members, not from deposits, making it eligible for the deductions claimed. The appeal filed by the Revenue challenging the deductions was dismissed. en-us Fri, 09 Nov 2012 00:00:00 +0530 Tue, 05 Nov 2019 10:22:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284176 The ITAT upheld the Ld. Commissioner of Income Tax (A)'s decision, confirming the eligibility of the assessee, a Primary Agriculture Co-op Society Ltd., for deductions u/s 80P of the Income Tax Act, 1961. The Tribunal ruled that the revenue generated by the assessee primarily stemmed from providing credit facilities and supplies to its members, not from deposits, making it eligible for the deductions claimed. The appeal filed by the Revenue challenging the deductions was dismissed. Case-Laws Income Tax Fri, 09 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284176