Sec. 80P relief couldn't be denied if co-operative society was providing financial assistance to its members only: ITAT

INCOME TAX: Where assessee, a co-operative credit society, had not undertaken any of banking business activities and was providing financial assistance/credit to its members, only and not to general public, it would not be hit by provisions of section 80P(4) and, thus, was entitled for deduction under section 80P(2)(a)(i)

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