In the result, both the above appeals of the Assessee are dismissed
Bench: the appeal is finally heard.
4. The assessee, Punjab State Co-operative House Building Federation Ltd., filed its return of income for AY 2012-13 declaring taxable income of Rs.26,43,040/- after claiming deduction under Chapter VI-A, mainly section 80P, amounting to Rs.8,66,76,909. The assessee is a co-operative society engaged in providing loans to member housing societies and developing