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2018 (6) TMI 267 - AT - Income TaxBenefit of Section 80P(2)(d) on the dividend income - Held that:- Since both the authorities have not seen the Memorandum of Association or any other evidence in respect of the institutions where the investments were made; therefore, we deem it appropriate to set aside this issue to the file of the Assessing Officer. The Assessing Officer shall decide the status of the institutions where the investments were made by the assessee. If they were found to be co-operative societies, then deduction as per Section 80P(2)(d) would be granted; otherwise, he will decide the issue in accordance with law. - Decided in favour of assessee for statistical purposes.
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