Dismissing the appeal of the revenue the Tribunal held that the assessee a co-operative credit society, was engaged in business of providing credit facilities exclusively to its members is entitle top deduction in respect of interest earned from co –operative societies. (AY. 2012-13)
DCIT v. Bardoli Vibhag Gram Udyog Vikas Co-op Credit Society Ltd. (2019) 175 ITD 471 (Surat) (Trib.)
S. 80P : Co-operative societies–Entitle deduction in respect of interest earned from co-operative societies.[S. 80P(2)(a)(i), 80P(2)(d)].