https://www.taxtmi.com/caselaws?id=403485 The Tribunal allowed the appeal, overturning the denial of deduction under Section 80P for the Primary Agricultural Credit Co-operative Society. The decision emphasized a liberal interpretation of the provision, clarifying that loans to nominal members under the Kerala Act were eligible for deduction. The AO was directed to grant the deduction claimed by the assessee, in line with the Supreme Court's ruling. en-us Wed, 27 Jan 2021 00:00:00 +0530 Fri, 29 Jan 2021 14:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403485 The Tribunal allowed the appeal, overturning the denial of deduction under Section 80P for the Primary Agricultural Credit Co-operative Society. The decision emphasized a liberal interpretation of the provision, clarifying that loans to nominal members under the Kerala Act were eligible for deduction. The AO was directed to grant the deduction claimed by the assessee, in line with the Supreme Court's ruling. Case-Laws Income Tax Wed, 27 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403485