https://www.taxtmi.com/caselaws?id=14980 The court ruled that the service charges collected by the assessee did not qualify for exemption under section 80P(2)(a)(i) of the Income-tax Act, 1961. The amount of Rs. 93,360 received from its members was not considered as income from business activities attributable to providing credit facilities. The court held in favor of the Revenue and against the assessee in this case. en-us Fri, 10 Mar 2000 00:00:00 +0530 Mon, 27 Jul 2009 13:56:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14980 The court ruled that the service charges collected by the assessee did not qualify for exemption under section 80P(2)(a)(i) of the Income-tax Act, 1961. The amount of Rs. 93,360 received from its members was not considered as income from business activities attributable to providing credit facilities. The court held in favor of the Revenue and against the assessee in this case. Case-Laws Income Tax Fri, 10 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14980