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1982 (1) TMI 57 - HC - Income Tax
Extract:
....... answer to the question of law is that the assessee is not entitled to the exemption under s. 80P(2)(a)(i) of the I.T. Act, 1961, as a co-operative society engaged in providing credit facilities to its members. Thus our answer is against the assessee. The assessee will pay the costs of the department. Counsel fee Rs. 500 (rupees five hundred only.)