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2006 (1) TMI 192 - ITAT HYDERABAD-AExtract: .......r being eligible to claim exemption under section 80P(2)(a)(i), a co-operative bank need not carryon the business of banking only with its members. Income attributable to banking activities carried on with non-members will also be entitled to exemption under this section. 10. In the result, the appeal of the assessee is allowed to the above extent.
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