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2016 (4) TMI 1123 - ITAT MUMBAIRevision u/s 263 - non entitled to deduction u/s. 80P - Held that:- CIT has not discussed as to how the assessee society would fall under the definition of a co-operative bank. The order of the ld. CIT is a non-speaking order. He, without assigning any cogent and convincing reason, has set aside the order of the AO. Thus order of the AO cannot be said to be erroneous or prejudicial to the interest of the Revenue. The order of ld. CIT passed u/s. 263 of the Act is thus not sustainable in the eyes of law and same is set aside. - Decided in favour of assessee
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