https://www.taxtmi.com/caselaws?id=782028 ITAT Bangalore allowed the assessee's appeals, holding that deduction under s. 80P(2)(a)(i) is available in light of the SC ruling in Mavilayi Service Cooperative Bank Ltd. The Tribunal rejected the view that profits and gains were not derived from providing credit facilities to members and clarified that the assessee qualifies for deduction under s. 80P on this basis. The AO was directed to delete the disallowance of deduction under s. 80P for both assessment years in question. en-us Wed, 29 Oct 2025 00:00:00 +0530 Mon, 24 Nov 2025 08:57:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782028 ITAT Bangalore allowed the assessee's appeals, holding that deduction under s. 80P(2)(a)(i) is available in light of the SC ruling in Mavilayi Service Cooperative Bank Ltd. The Tribunal rejected the view that profits and gains were not derived from providing credit facilities to members and clarified that the assessee qualifies for deduction under s. 80P on this basis. The AO was directed to delete the disallowance of deduction under s. 80P for both assessment years in question. Case-Laws Income Tax Wed, 29 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782028