The Tribunal held that the assessee was covered by the Central Board of Direct Taxes Circular No. 18 of 2015 ([2015)  378 ITR (St.) 39), viz., co-operative societies and banks. The assessee was a cooperative society which was engaged in the business of providing financial assistance to its members and was eligible for deduction under section 80P of the Act. The provisions of section 14A could not be applied to the assessee co-operative society, and accordingly, the Assessing Officer was directed to delete the disallowance made under section 14A of the Act. (AY.  2008-09, 2012-13 to 2014-15)