https://www.taxtmi.com/caselaws?id=285332 The Tribunal upheld the CIT(A)'s decision, affirming the eligibility of a Credit Co-operative Society for deduction under Section 80P(2)(a)(i) of the Income Tax Act. The Revenue's appeals challenging the allowance of the deduction were dismissed for both assessment years. The Tribunal found that the society met the requirements for the deduction and was not subject to the amendments in Section 80P(4). The Cross-Objections filed by the assessee were dismissed as not seriously argued. The judgment clarifies the eligibility criteria for Credit Co-operative Societies seeking deductions under Section 80P of the IT Act. en-us Fri, 03 May 2013 00:00:00 +0530 Sat, 04 Mar 2023 06:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285332 The Tribunal upheld the CIT(A)'s decision, affirming the eligibility of a Credit Co-operative Society for deduction under Section 80P(2)(a)(i) of the Income Tax Act. The Revenue's appeals challenging the allowance of the deduction were dismissed for both assessment years. The Tribunal found that the society met the requirements for the deduction and was not subject to the amendments in Section 80P(4). The Cross-Objections filed by the assessee were dismissed as not seriously argued. The judgment clarifies the eligibility criteria for Credit Co-operative Societies seeking deductions under Section 80P of the IT Act. Case-Laws Income Tax Fri, 03 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285332