https://www.taxtmi.com/caselaws?id=432900 A Regional Rural Bank is treated as a cooperative society for income-tax purposes where the Regional Rural Banks Act, 1976 contains a deeming provision and an overriding clause; on that basis, deduction under section 80P(2)(a)(i) remains available and section 80P(4) does not displace that statutory characterization. The appellate authority may also entertain a fresh claim during appellate proceedings as part of its statutory jurisdiction to grant relief and consider additional claims at that stage. The note therefore states the special statute prevails for section 80P eligibility, and appellate consideration of the additional claim is permissible. en-us Mon, 05 Dec 2022 00:00:00 +0530 Tue, 17 Jan 2023 08:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432900 A Regional Rural Bank is treated as a cooperative society for income-tax purposes where the Regional Rural Banks Act, 1976 contains a deeming provision and an overriding clause; on that basis, deduction under section 80P(2)(a)(i) remains available and section 80P(4) does not displace that statutory characterization. The appellate authority may also entertain a fresh claim during appellate proceedings as part of its statutory jurisdiction to grant relief and consider additional claims at that stage. The note therefore states the special statute prevails for section 80P eligibility, and appellate consideration of the additional claim is permissible. Case-Laws Income Tax Mon, 05 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432900