https://www.taxtmi.com/caselaws?id=423929 The Tribunal allowed the Assessee's appeals, determining that it was a Co-operative Society, not a Co-operative Bank, providing credit facilities to members in accordance with the Tamil Nadu Co-operative Societies Act, 1983. The principle of mutuality was upheld, entitling the Assessee to deduction under Section 80P(2)(a)(i). The delay in filing appeals was condoned due to the COVID-19 pandemic and subsequent lockdown. The orders of the lower authorities disallowing the deduction claim were reversed. en-us Fri, 29 Apr 2022 00:00:00 +0530 Fri, 17 Jun 2022 16:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423929 The Tribunal allowed the Assessee's appeals, determining that it was a Co-operative Society, not a Co-operative Bank, providing credit facilities to members in accordance with the Tamil Nadu Co-operative Societies Act, 1983. The principle of mutuality was upheld, entitling the Assessee to deduction under Section 80P(2)(a)(i). The delay in filing appeals was condoned due to the COVID-19 pandemic and subsequent lockdown. The orders of the lower authorities disallowing the deduction claim were reversed. Case-Laws Income Tax Fri, 29 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423929