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Tax Deduction Dispute for Cooperative Society's Banking Services u/s 80P(2)(a)(i) Examined.

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Full Text of the Document

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....Disallowance of deduction u/s 80P(2)(a)(i) - carrying on business of banking facilities to its members and to the public - There is no prohibition u/s 80P not to allow deduction to such co-operative societies in respect of business relating to its members - AT....