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2017 (1) TMI 766 - AT - Income TaxBenefit of exemption u/s 80P(2)(a)(i) - denial of claim holding that the assessee society was engaged in the business of cooperative banking - Held that:- As decided in Asstt. Year 2009-10 the assessee society is maintaining operational funds and to meet any eventuality towards repayment of deposit the cooperative society is maintaining some liquidated funds as short term deposits with banks. Hence adhering to the doctrine stair desises, we hold that the assessee should be granted benefit of deduction under section 80P(2)(a)(i). - Decided in favour of assessee
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