Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2014 (3) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (3) TMI 1010 - AT - Income TaxEntitlement to the deduction u/s.80P(2)(a)(i) - whether the Assessee is entitled for deduction u/s 80P(2)(a)(i) and whether the Assessee is hit by the provisions of Sec. 80P(4) which was introduced in the statute by the Finance Act, 2006 w.e.f. 1.4.2007 - Held that:- The provisions of Sec. 80P(2)(a)(i), as we have already held are applicable to a co-operative society which is engaged in carrying on banking business facilities to its members if it is not a co-operative bank we hold that the assessee is a primary cooperative bank and therefore hit by the provisions of section 80P(4). - Decided against assessee.
|