Assessee a co-operative society engaged in the business of banking by providing credit facilities only to its members claimed exemption from income tax under section 80P(2)(a)(i). The AO denied the exemption under section 80P. The High Court  relied on the decision of Mavilayi Service Co-operative Bank Ltd v. CIT (2021) 431 ITR 1 (SC) and held that the issue is no more res integra and allowed the exemption to the assessee. (AY. 2010-11)