https://www.taxtmi.com/caselaws?id=306154 The Tribunal dismissed the Revenue's appeal, upholding the allowance of deduction u/s.80P to the assessee, a credit co-operative society. The decision was based on the limited scope of the assessee's activities, emphasizing that Sec.80P(4) does not apply to entities classified as co-operative banks. The Tribunal's decision aligned with relevant judicial precedents distinguishing between co-operative banks and credit co-operative societies, leading to the rejection of the Revenue's contentions. en-us Wed, 29 Oct 2014 00:00:00 +0530 Fri, 13 Jan 2023 21:11:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306154 The Tribunal dismissed the Revenue's appeal, upholding the allowance of deduction u/s.80P to the assessee, a credit co-operative society. The decision was based on the limited scope of the assessee's activities, emphasizing that Sec.80P(4) does not apply to entities classified as co-operative banks. The Tribunal's decision aligned with relevant judicial precedents distinguishing between co-operative banks and credit co-operative societies, leading to the rejection of the Revenue's contentions. Case-Laws Income Tax Wed, 29 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306154