2014 (10) TMI 1063

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.... K. Mutsaddi. ORDER Per N. K. Billaiya, AM: This appeal by the Revenue is preferred against the order of the ld. CIT(A)-26, Mumbai dated 23.05.2013 pertaining to the Assessment Year (A.Y.) 2010-11. The grievance of the Revenue read as under: '1. On the facts and circumstances of the case and in law, the Ld. CIT(A) has erred in directing to allow deduction u/s.80P to the assessee even tho....

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....CIT(A) has erred in not appreciating his own order in the case of Vishal Janseve Sahkari Patsantha Ltd., for A. Y. 2008-09 on the same issue vide order No.CJT(A)-26/IT-30/15(3)(3)/10-11 dtd. 4th July, 2012." 2. The assessee is a co-operative credit society registered under Co-operative Societies Act. The assessee is engaged in the business of accepting deposits from members and lending to member....

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....ed the matter before the ld. CIT(A) and reiterated its claim. After considering the facts and the submissions made by the assessee, the ld. CIT(A) was convinced that the assessee has limited itself to the members of the Maharashtra Mantraliya Va Sanlagana Shaskiya Karamchari Co-op. Credit Society Ltd. The ld. CIT(A) was also convinced that the assessee has not provided banking facilities either to....

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.... 442 of 2013 with 443 of 2013 and 863 of 2013 held as under: '7. From the above clarification, it can be gathered that sub-section (4) of section 80P will not apply to an assessee which is not a co-operative bank. In the case clarified by CBDT, Delhi Co-op. Urban Thrift & Credit Society Ltd. was under consideration. Circular clarified that the said entity not being a co-operative bank, secti....