https://www.taxtmi.com/caselaws?id=432867 The Revenue's appeals against the allowance of deduction under section 80P of the Income Tax Act for the assessment years 2014-15, 2015-16, and 2017-18 were dismissed. The Tribunal upheld the deduction for the Co-operative Credit Society, emphasizing its nature as a credit co-operative society rather than a co-operative bank. Relying on past decisions and legal provisions, the Tribunal found in favor of the assessee, affirming their eligibility for the deduction under section 80P. The lead case decision for the assessment year 2014-15 applied to subsequent years, resulting in the dismissal of all Revenue's appeals. en-us Wed, 11 Jan 2023 00:00:00 +0530 Sat, 14 Jan 2023 14:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432867 The Revenue's appeals against the allowance of deduction under section 80P of the Income Tax Act for the assessment years 2014-15, 2015-16, and 2017-18 were dismissed. The Tribunal upheld the deduction for the Co-operative Credit Society, emphasizing its nature as a credit co-operative society rather than a co-operative bank. Relying on past decisions and legal provisions, the Tribunal found in favor of the assessee, affirming their eligibility for the deduction under section 80P. The lead case decision for the assessment year 2014-15 applied to subsequent years, resulting in the dismissal of all Revenue's appeals. Case-Laws Income Tax Wed, 11 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432867