Status of an assessee couldn’t be determined merely on basis of submission of CA during proceedings

INCOME TAX : Where assessee co-operative society collected deposits only from its members and had no transaction with non-members, assessee could not be considered as a co-operative bank merely because during penalty proceedings under section section 271D former CA of assessee mistakenly submitted that assessee was a co-operative bank, thus, assessee was entitled for deduction under section 80P(2)(a)(i)

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