2007 (2) TMI 216

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..... . DINAKARAN J.— The above tax case appeals are directed against the common order of the Income-tax Appellate Tribunal dated February 2, 2006 in I. T. A. Nos. 1807 to 1812/Mds/2002 for the assessment years1993-94 to 1998-99. 2. The Revenue is the appellant. The assessee is a co-operative society engaged in the business of civil construction and repair works. The assessee advanced loans to its memb .....

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..... he assessee who is engaged in the business of civil construction and repair works is eligible for the benefit of section 80P(2) (a) (i) in respect of the interest received from members? (ii) Whether, in the facts and under the circumstances of the case, the Appellate Tribunal was right in holding that the assessee is eligible for exemption under section 80P(2)(a)(i) when it is not a co-operative .....

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