Deduction on account of expense allowable when deduction u/s 80P(2)(a)(i) is rejected

Karinje Service Co-operative Society Taccode Ltd Vs ITO (ITAT Bangalore)

ITAT Bangalore held that if deduction under section 80P(2)(a)(i) of the Income Tax Act is rejected then the deduction on account of expense is allowable.

Facts-

The assessee is a Primary Agricultural Co-operative Society registered under the Karnataka Co-operative Socieites Act, 1959 and is engaged in providing agricultural credit facilities to the members of the so

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