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2018 (7) TMI 1257 - HC - Income TaxDenial the benefit under Section 80P(2) - co-operative banks or not - Held that:- It is not in dispute that the assesses/respondents herein are engaged in providing credit facilities to its members and have not obtained any banking licence to deny the benefit under Section 80P(2) of the Act as falling under Section 80P(4) of the Act, as a co-operative bank. The position of these assesses as co-operative societies being clear they cannot be construed as co-operative banks. We have no reasons to differ from the aforesaid co-ordinate Bench Judgments of this Court and accordingly we answer the substantial questions of law in favour of the assessee and against the revenue.
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