RBI License Revoked: Assessee Loses Eligibility for Section 80P Deduction Due to Non-Qualification as Cooperative Society or Bank.

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....Deduction u/s 80P - The RBI cancelled the license w.e.f. 30.10.2003. Thus, the assessee is neither a State Cooperative Society nor it is a Bank under the Banking Regulation Act, 1949 - deduction u/s 80P not available to assessee - AT....