https://www.taxtmi.com/caselaws?id=406519 A co-operative credit society that accepts deposits and extends credit only to its members, without carrying on banking with the public or having the statutory attributes of a co-operative bank, is not treated as a primary co-operative bank for section 80P(4). The Tribunal held that section 80P(4) did not exclude the society from deduction under section 80P(2)(a)(i), and the disallowance made by the Assessing Officer was unsustainable. en-us Wed, 07 Apr 2021 00:00:00 +0530 Thu, 15 Apr 2021 18:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406519 A co-operative credit society that accepts deposits and extends credit only to its members, without carrying on banking with the public or having the statutory attributes of a co-operative bank, is not treated as a primary co-operative bank for section 80P(4). The Tribunal held that section 80P(4) did not exclude the society from deduction under section 80P(2)(a)(i), and the disallowance made by the Assessing Officer was unsustainable. Case-Laws Income Tax Wed, 07 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406519