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2015 (7) TMI 1239 - ITAT MUMBAIClaim of deduction u/s 80P - whether CIT (A) erred in directing to allow deduction u/s 80P to the assessee even though assessee carries on the banking business and other business in the name of a credit cooperative society? - Held that:- We find the judgment of the Hon’ble Bombay High Court in the case of Quepem Urband Cooperative Credit Society Ltd (2015 (6) TMI 573 - BOMBAY HIGH COURT ) is relevant for the following proposition: ‘Where assessee-cooperative society could not be regarded as ‘Co-operative Bank’ on, mere fact that an insignificant proposition of revenue was coming from non-members, and thus, was entitled for deduction under section 80P(2)(a)(i) of the Act.’ - Decided against revenue
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