Section 80P(2)(a)(i) Deduction Allowed: Loans Confirmed for Shareholder Members Only, No Non-Member Lending Found.

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....Deduction u/s 80P(2)(a)(i) - providing credit facility to its members - It is interesting to note here that both the authorities below alleged that the assessee is providing loans to others, but , it is clear from the order of the CIT(A) at para No. 4.3 of his order, the assessee has given loans to only shareholder members. - claim of deduction allowed - AT....