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2016 (11) TMI 1630 - AT - Income TaxDisallowance u/s 80P - income earned on providing credit facilities to its members as provided under Section 80P(2)(a)(i) - HELD THAT:- Assessee society was not doing the banking business having no licence from RBI, therefore, the claim of the assessee was not hit by the provision of Section 80P(4). CIT(A) while deciding the matter of controversy relied upon the decision of Bombay High Court in the case of Quepem Urban Co-operative Credit Society Ltd. [2015 (6) TMI 573 - BOMBAY HIGH COURT] and KALPADI CO-OPERATIVE TOWNSHIP LIMITED [2016 (9) TMI 952 - MADRAS HIGH COURT]
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