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2008 (9) TMI 112 - HC - Income TaxAssessee is a co-operative society, and carries on banking activities, including providing credit facilities to its members – additions on account of interest received by the assessee various loans given to the staff - Whether the amount of interest earned by the respondent Bank on various loans extended to its employees from deposit of P.F. and Housing loan is eligible to be exempted u/s 80P (2) (a) (i) – Held, no – revenue’s appeal allowed
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