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2014 (2) TMI 1412 - AT - Income TaxDeduction u/s 80P - assessee states itself to be a cooperative society engaged in the business of providing credit facilities to its members and hence falls within the definition of a cooperative bank - Scope of amendment to sec 80P(4) - whether the assessee, a cooperative society providing credit facility to its members is a cooperative bank or not so as to be covered by section 80P(4) of the Act denying deduction aforesaid? - HELD THAT:- We make it clear that the Revenue has failed to file any paper book or evidence so as to prove that the assessee/co-operative society is a co-operative bank whose claim for deduction u/s 80P is hit by sub-section(4). In these circumstances, we uphold the CIT(A)’s order granting deduction to the assessee u/s 80P of the Act and reject contentions of the Revenue.
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