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2021 (4) TMI 861 - AT - Income TaxDeduction under section 80P(2)(a)(i) - assessee submitted that assessee is a co-operative society registered under the Karnataka Co-operative Societies Act, 1959 - AO contended that as per the details furnished by the bye laws, it is observed that the assessee is dealing with non members termed as associate members termed as associate members and claimed to have admitted as per the provisions of the Karnataka Co-operative Societies Act, 1959 - HELD THAT:- After hearing both the parties we are of the view that the Supreme Court has reversed the decision of special Bench of Kerala High Court in the case of Mavilayi Service Co-operative Bank Ltd., Vs. CIT [2019 (3) TMI 1580 - KERALA HIGH COURT] We are inclined to remit this issue to the file of AO to examine the deduction under section 80P(2)(a)(i) of the Act in the light of the decision of the Hon’ble Supreme Court- Appeal of the assessee is allowed for statistical purposes.
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