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2016 (2) TMI 465 - AT - Income TaxDeduction u/s. 80P(2)(a)(i) - Held that:- Respectfully following the decision of the Hon’ble Gujarat High Court in the case of CIT vs. Jafari Momin Vikas Co –op. Credit Society Ltd.(2014 (2) TMI 28 - GUJARAT HIGH COURT ), we uphold the finding of the ld.CIT(A) that the assessee is a credit co-operative society with no banking licence , accepting deposits and advancing loans only to its members, and is, therefore, entitled to deduction u/s. 80P(2)(a)(i) of the Act. We find there is no merit in the grounds of appeal raised by the revenue - Decided in favour of assessee
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