https://www.taxtmi.com/caselaws?id=179377 Section 80P(4) withdraws deduction from co-operative banks, and the assessee was treated as falling within that exclusion because its main function was financing other co-operative societies. However, income directly attributable to any separately identifiable state land development bank activity could still be examined for deduction under section 80P(2)(a)(i), so the matter was remitted for factual verification on that limited aspect. A fresh claim for deduction of staff retirement benefit fund contribution was not admissible at the appellate stage because it had not been raised in the return and no bona fide reason or subsequent change was shown. en-us Wed, 23 Feb 2011 00:00:00 +0530 Mon, 21 Aug 2023 16:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179377 Section 80P(4) withdraws deduction from co-operative banks, and the assessee was treated as falling within that exclusion because its main function was financing other co-operative societies. However, income directly attributable to any separately identifiable state land development bank activity could still be examined for deduction under section 80P(2)(a)(i), so the matter was remitted for factual verification on that limited aspect. A fresh claim for deduction of staff retirement benefit fund contribution was not admissible at the appellate stage because it had not been raised in the return and no bona fide reason or subsequent change was shown. Case-Laws Income Tax Wed, 23 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179377