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2020 (1) TMI 1041 - HC - Income TaxRevision u/s 263 - entitlement to deduction u/s 80P(2)(a) and (d) - HELD THAT:- It has not been shown to us that the respondent has in any manner breached Section 80P(2)(a) and (d) of the Act. Whether Tribunal is right to allow the relief to the assessee by holding that the assessee being Co-operative Credit Society is not a Co-operative Bank hence entitled for deduction u/s 80P(4) ? - Tribunal dismissed the Revenue’s appeal before it by relying upon the decision of its co-ordinate bench in the case of Kulswami Co-operative Society [2014 (4) TMI 355 - ITAT MUMBAI]. For the reasons indicated in our order [2017 (3) TMI 1799 - BOMBAY HIGH COURT] question as proposed does not give rise to any substantial question of law. - thus since on merits the issue is held in favour of the Respondent – Assessee, the question of improper exercise of Commissioner in Revision under Section 263 of the Act is rendered academic.
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