https://www.taxtmi.com/caselaws?id=312302 Section 80P relief for a primary agricultural credit co-operative society was allowed only in part: deduction under section 80P(2)(a)(i) was denied for interest from short-term or surplus investments, while the claim under section 80P(2)(d) was remitted for factual verification of whether the interest was earned from an eligible co-operative bank investment. The presence of nominal members did not by itself defeat section 80P entitlement. A general jurisdictional challenge to the assessment order was rejected for want of specific support, and the ground relating to interest under sections 234A, 234B and 234C was dismissed as infructuous because the core deduction issue was still under verification. en-us Wed, 08 Nov 2023 00:00:00 +0530 Sat, 10 Feb 2024 16:00:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312302 Section 80P relief for a primary agricultural credit co-operative society was allowed only in part: deduction under section 80P(2)(a)(i) was denied for interest from short-term or surplus investments, while the claim under section 80P(2)(d) was remitted for factual verification of whether the interest was earned from an eligible co-operative bank investment. The presence of nominal members did not by itself defeat section 80P entitlement. A general jurisdictional challenge to the assessment order was rejected for want of specific support, and the ground relating to interest under sections 234A, 234B and 234C was dismissed as infructuous because the core deduction issue was still under verification. Case-Laws Income Tax Wed, 08 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312302