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2023 (7) TMI 856 - AT - Income TaxDeduction u/s 80P - Claim denied as assessee having nominal members - HELD THAT:- Their lordships’ subsequent landmark decision in Mavilayi Service Co-operative Bank Ltd. [2021 (1) TMI 488 - SUPREME COURT] has settled the law that such a reason of an assessee having nominal members as well would hardly disentitle it for the impugned sec. 80P(2)(a)(i) deduction. Faced with the situation, we accept the assessee’s instant identical sole substantive ground - Decided in favour of assessee.
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