https://www.taxtmi.com/caselaws?id=309327 The Tribunal held that the assessee, classified as a cooperative society and not a cooperative bank, is eligible for the deduction under Section 80P(2)(a)(i) of the Income Tax Act. The decision affirmed that Section 80P(4) does not apply to the assessee, emphasizing the legislative intent to differentiate between cooperative societies and cooperative banks for taxation purposes. The judgment reinforces that only cooperative banks are excluded from the benefits of Section 80P, not credit cooperative societies. en-us Fri, 14 Aug 2015 00:00:00 +0530 Thu, 24 Aug 2023 22:23:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309327 The Tribunal held that the assessee, classified as a cooperative society and not a cooperative bank, is eligible for the deduction under Section 80P(2)(a)(i) of the Income Tax Act. The decision affirmed that Section 80P(4) does not apply to the assessee, emphasizing the legislative intent to differentiate between cooperative societies and cooperative banks for taxation purposes. The judgment reinforces that only cooperative banks are excluded from the benefits of Section 80P, not credit cooperative societies. Case-Laws Income Tax Fri, 14 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309327