2021 (5) TMI 555

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..... business of banking by providing credit facilities only to its members, and the income derived therefrom is exempt from the payment of Income-tax under section 80P(2)(a)(i) - HELD THAT:- The counsel appearing for the appellant as well as the respondent would state that the issues considered by the orders impugned in the appeal are no more res integra and are covered in favour of the assessee by t .....

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..... f the Kerala Co-operative Societies Act, 1969. The appellant is classified/categorised as a primary credit society by the Joint Registrar of Co-operative Societies, Kannur under the Act of 1969. 3. The case of the appellant is that the income of a co-operative society does the business of banking by providing credit facilities only to its members, and the income derived therefrom is exempt from .....

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