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2020 (10) TMI 649 - ITAT BANGALOREDeduction u/s 80P(2)(a)(i) - exemption shall not be available to co-operative banks (first part) other than a primary agricultural credit society or a primary co-operative agricultural and rural development bank (PLD Banks) - CIT(A) considering that the deduction shall still be available to a co-operative society which is engaged in the business of providing credit facilities to its members - HELD THAT:- The assessee is having nominal members and having nominal members in the Co-operative Society does not disentitle the assessee for getting exemption u/s. 80P - issue is covered by the above orders of the Co-ordinate Bench relied on by the AR and is required to be re-adjudicated by the AO after considering the above decisions. Accordingly KODAVOOR VYAVASAYA SEVA SAHAKARI SANGHA NIYAMITHA [2019 (8) TMI 1269 - ITAT BANGALORE] remit this issue to the file of the Assessing Officer for fresh consideration on similar directions. Thus, this ground of appeal of the assessee is partly allowed for statistical purposes.
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