https://www.taxtmi.com/caselaws?id=303052 The High Court upheld the Income Tax Appellate Tribunal's decision to allow deduction under Section 80P (2) of the Income Tax Act to the cooperative society assessee. The Court affirmed that the assessee's claim for deduction was not restricted by Section 80P (4) and dismissed the Revenue's appeal. The judgment emphasized the nature of the assessee as a cooperative society, not a cooperative bank, and supported the Tribunal's rulings on the deductions under Section 80P of the Income Tax Act. en-us Wed, 23 Nov 2016 00:00:00 +0530 Fri, 01 Jul 2022 11:14:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303052 The High Court upheld the Income Tax Appellate Tribunal's decision to allow deduction under Section 80P (2) of the Income Tax Act to the cooperative society assessee. The Court affirmed that the assessee's claim for deduction was not restricted by Section 80P (4) and dismissed the Revenue's appeal. The judgment emphasized the nature of the assessee as a cooperative society, not a cooperative bank, and supported the Tribunal's rulings on the deductions under Section 80P of the Income Tax Act. Case-Laws Income Tax Wed, 23 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303052