https://www.taxtmi.com/caselaws?id=767134 Section 80P deduction for a primary agricultural co-operative credit society was treated as available where the governing Tamil Nadu Co-operative Societies Act includes associate members within the definition of member, and the mere presence of A Class and B Class members did not by itself defeat the claim. The note applies the principle that section 80P is a beneficial provision requiring liberal construction, and that deduction turns on whether the society carries on credit activities for members within the statutory framework. Delay in filing the first appeal was also accepted as sufficiently explained on affidavit, with no contrary material and disruption caused by COVID-19, so the delay was condoned. en-us Wed, 05 Mar 2025 00:00:00 +0530 Tue, 11 Mar 2025 08:33:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767134 Section 80P deduction for a primary agricultural co-operative credit society was treated as available where the governing Tamil Nadu Co-operative Societies Act includes associate members within the definition of member, and the mere presence of A Class and B Class members did not by itself defeat the claim. The note applies the principle that section 80P is a beneficial provision requiring liberal construction, and that deduction turns on whether the society carries on credit activities for members within the statutory framework. Delay in filing the first appeal was also accepted as sufficiently explained on affidavit, with no contrary material and disruption caused by COVID-19, so the delay was condoned. Case-Laws Income Tax Wed, 05 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767134