https://www.taxtmi.com/caselaws?id=404005 Deduction under Section 80P is available to a cooperative society providing credit facilities to its members where statutory conditions are met. Section 80P(4) excludes cooperative banks but does not deny the benefit to a primary agricultural credit society that is not a cooperative bank. Associate members fall within the definition of "member" under the Tamil Nadu Cooperative Societies Act, 1983, so distinctions between classes of members do not defeat Section 80P eligibility. The assessee's deduction claim was accepted. en-us Mon, 01 Feb 2021 00:00:00 +0530 Wed, 24 Mar 2021 17:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404005 Deduction under Section 80P is available to a cooperative society providing credit facilities to its members where statutory conditions are met. Section 80P(4) excludes cooperative banks but does not deny the benefit to a primary agricultural credit society that is not a cooperative bank. Associate members fall within the definition of "member" under the Tamil Nadu Cooperative Societies Act, 1983, so distinctions between classes of members do not defeat Section 80P eligibility. The assessee's deduction claim was accepted. Case-Laws Income Tax Mon, 01 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404005