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2017 (2) TMI 1015 - AT - Income TaxClaim of deduction u/s 80P(2)(a)(i) - Held that:- The issue is now covered by the decision in favour of the assessee in the case of CIT Vs. Sri Biluru Gurubasava Pattina Sahakari Sangha Niyamitha, Bagalkot [2015 (1) TMI 821 - KARNATAKA HIGH COURT] as held that a co-operative society registered as co-operative society, providing credit facilities to its members and not registered with the RBI cannot be denied the exemption under section 80P(1) of the IT Act. Respectfully following the same, we uphold that the assessee is a cooperative society and not a cooperative bank and, therefore, entitled to deduction under sec. 80P of the Act - Decided in favour of assessee
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