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Income Tax - Highlights / Catch Notes

Home Highlights April 2014 Year 2014 This

Assessee has not to be regarded to be a primary co-operative ...


Assessee Not a Primary Co-operative Bank, Section 80P(4) Inapplicable, Eligible for Deduction u/s 80P(2)(a)(i.

April 4, 2014

Case Laws     Income Tax     AT

Assessee has not to be regarded to be a primary co-operative bank as all the three basic conditions are not complied with –thus, it is not a co-operative bank and the provisions of Sec. 80P(4) are not applicable – the Assessee is entitled for deduction u/s 80P(2)(a)(i) - AT

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