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![Co-Operative Societies can claim 80P Deduction If do not have banking license from the RBI and is providing Credit facilities only to its Members: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Deduction-Taxscan.jpg "Co-Operative Societies can claim 80P Deduction If do not have banking license from the RBI and is providing Credit facilities only to its Members: ITAT [Read Order]")
Co-Operative Societies can claim 80P Deduction If do not have banking license from the RBI and is providing Credit facilities only to its Members: ITAT [Read Order]
The Bangalore bench of Income Tax Appellate Tribunal (ITAT) observed that the benefit of sec 80P of the Income Tax Act is available to co-operative...
![Co-Operative Societies Engaged in Banking Business for the Public Not Eligible for Deduction u/s 80P of IT Act: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "Co-Operative Societies Engaged in Banking Business for the Public Not Eligible for Deduction u/s 80P of IT Act: SC [Read Judgment]")