https://www.taxtmi.com/caselaws?id=423720 The Tribunal upheld the CIT(A)'s decision to disallow the deduction claimed under section 80P of the Income Tax Act for the Multi-State Primary Cooperative Bank. The Tribunal determined that the bank's classification as a Cooperative Bank under the Banking Regulation Act, 1949, rendered it ineligible for the deduction under section 80P. Consequently, the appeals for the assessment years 2009-10, 2013-14, and 2014-15 were dismissed by the Tribunal on 09/06/2022 in Allahabad, U.P. en-us Thu, 09 Jun 2022 00:00:00 +0530 Tue, 14 Jun 2022 16:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423720 The Tribunal upheld the CIT(A)'s decision to disallow the deduction claimed under section 80P of the Income Tax Act for the Multi-State Primary Cooperative Bank. The Tribunal determined that the bank's classification as a Cooperative Bank under the Banking Regulation Act, 1949, rendered it ineligible for the deduction under section 80P. Consequently, the appeals for the assessment years 2009-10, 2013-14, and 2014-15 were dismissed by the Tribunal on 09/06/2022 in Allahabad, U.P. Case-Laws Income Tax Thu, 09 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423720