Tribunal held that benefit of section 80P(2)(a)(i) cannot denied to co-operative credit societies, in view of their functions of providing credit facilities to members and same is not hit by provisions of section 80P(4). (AY. 2007 -08 to 2009 -10)
ACIT v. People’s Co. op. Credit Society Ltd. (2019) 177 ITD 25 / 180 DTR 444/ 75 ITR 79 /200 TTJ 921(SB)(Ahd.)(Trib.)/ACIT v.Bhiladi Mercantile Credit Co-Operative Society Ltd (2019) 177 ITD 25 / 180 DTR 444/ 75 ITR 79 /200 TTJ 921 (SB)(Ahd) (Trib.) /ACIT v. Samarpan Co-Operative Society Ltd (2019) 177 ITD 25 / 180 DTR 444/ 75 ITR 79 /200 TTJ 921(SB)(Ahd) (Trib.) /ITO v. Jafari Momin Vikas Co-Operative Society Ltd (2019) 177 ITD 25 / 180 DTR 444/ 75 ITR 79 / 200 TTJ 921 (SB)(Ahd) (Trib.)
S. 80P : Co-operative societies-Benefit of S. 80P(2)(a)(i) cannot be denied to co-operative credit societies. [S.80P(2)(a)(i), 80P(4)]