Held that a co-operative bank falls within the realm of the definition of “co operative society” as contemplated in S. 2(19) of the Act. Accordingly the dividend income received by the assessee from a co-operative bank is eligible for deduction under 80P(2)(d) of the Act. (AY. 2011-12)
Gramin Sewa Sakakari Samiti Maryadit v. ITO (2022) 215 DTR 193 (Raipur)(Trib) Sewa Sahakari Samiti Maryadit v. ITO (2022) 215 DTR 193 (Raipur)(Trib)
S. 80P : Co-operative societies-Dividend received from Co-Operative Bank-Eligible deduction.[S. 2(19), 80P(2)(d)(i), 80P(2)(iii)]