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2018 (6) TMI 1746 - AT - Income TaxDeduction under section 80P - denial of deduction as assessee carries on the banking business and other business in the name of a cooperative credit society - CIT-A allowed deduction - HELD THAT:- There is not dispute that the assessee is a cooperative society of the employees of KEM Hospital and Seth GSM Collage and also registered under the Maharashtra State Cooperative Society Act. The assessee is providing credit facilities to its members only. The Tribunal has already considered the factual as well as legal position and followed the decision from Hon'ble jurisdictional High Court in Quepem Urban Co-op. Credit Society Ltd. [2015 (6) TMI 573 - BOMBAY HIGH COURT]
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