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2008 (4) TMI 348 - AT - Income TaxExtract: .......e credit facilities to its members is satisfied. 5. Thus, the assessee is entitled to the deduction under s. 80P(2)(a)(i) of the IT Act in respect of its income as claimed in the return. The AO is directed to allow the deduction as claimed. 6. The second ground is not pressed and is dismissed as such. 7. In the result, the appeal is partly allowed.
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