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Section 80P(2)(a)4 Section 143(3)2

INCOME TAX OFFICER, WARD -2(2), , BELGAVI vs. SHIVA CREDIT SOUHARDA SAHAKARI NIYAMIT, BELGAVI

ITA 18/PAN/2019[2012-13]Status: DisposedITAT Panaji17 Aug 2022AY 2012-13

Bench: Shri Chandra Mohan Garg & Shri Girish Agrawal

For Appellant: -None-For Respondent: Sh Mayur Kamble, Sr. D.R

Section 142Section 143(2)Section 143(3)Section 2(24)Section 80PSection 80P(2)(a)Section 80P(2)(i)Section 80P(4)

viia) by the Finance Act, 2006 with effect from 01.04.2007, includes the profit and gains of any business of banking (including providing credit facilities) carried on by a co-op society with its members. The A.O. further held that deduction under section 80P shall not be available to a Co-operative Bank other than a Primary Agricultural Credit Society