Cooperative Society Denied Tax Deduction for Extending Financial Services Beyond Members u/s 80P(4.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Benefit of Section 80P - income of co-operative societies under Section 80P - providing credit facilities / financial business - its operation was not confined to its members but outsiders as well - deduction not allowed as barred u/s 80P(4) - SC....