This appeal concerns M/s. Spandana Credit Souhardha Sahakari Niyamita, a co-operative society registered under the Karnataka Souharda Co-operative Act, 1997. The society claimed a deduction of Rs.1,11,83,924/- under Section 80P(2)(a)(i) of the Income Tax Act, 1961. This section allows deductions for co-operative societies engaged in banking or providing credit facilities to their members.
Court :
ITAT Bangalore
Brief :
This appeal is by the assessee directed against the order dated 31.12.2019 of CIT(A)-3, Bangalore, relating to AY 2016-17.
Citation :
ITA No.225/Bang/2020
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1 Year PLAN
1999
(Excl. of GST ₹359)
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3499
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999
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