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2020 (10) TMI 1187 - AT - Income TaxDeduction u/s 80P - whether assessee is eligible for deduction u/s.80P(2) and not engaged in banking business? - HELD THAT:- As decided in own case [2020 (8) TMI 361 - ITAT CUTTACK] Assessee society is eligible for deduction u/s. 80P(2)(a)(i) of the Act and the assessee will get the benefit of Circular issued by the CBDT No. 37/2016, dated 02.11.2016 as quoted above. Since we have allowed the legal ground of assessee, other grounds raised by the assessee on merits are for academic purposes. Thus, appeal of the assessee is allowed on legal ground.
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