2015 (11) TMI 1778

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.... George George. K.   This appeal, at the instance of the assessee, is directed against the CIT(A)'s order dated 20.3.2015. The relevant assessment year is 2010-11. 2 The assessee has raised 14 rounds of appeals. Ground nos 1 to 12 relate to denial of benefit u/s 80P(2)(i)(a) of the Act. 3 Briefly stated facts of the case are as follows: The assessee is a cooperative society....

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....in the case of M/s Pinarayi Service Cooperative Bank Ltd vs ITO and denied the benefit of deduction u/s 80P of the Act. The relevant findings of the CIT(A) reads as under: "5 The first common ground of appeal is against disallowance of deduction claimed u/s 80P of the Act. I have considered the submission of the ld counsel. The issue raised by the appellant with regard to disallowance of ....

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.... of the assessee submitted that the Hon'ble Karnataka High Court in the recent judgment in the case of Laxmi Credit Souhard Sahakari Ltd (copy of gist of the judgment without any citation was on record) has held that determination whether it is a Co-operative bank or Co-operative society rests with the RBI certification and in the absence of RBI certificate, the assessee should be held to be a coo....