Deduction u/s 80P(2)(a)(i) or 80P(2)(d) not available towards interest earned from schedule banks

Uppinangady Catholic Multipurpose Co-operative Society Ltd Vs ITO(ITAT Bangalore) ITAT Bangalore held that deduction under section 80P(2)(a)(i) or 80P(2)(d) of the Income Tax Act is not available in respect of interest income earned from scheduled banks. Facts- Assessee is a credit co-operative society registered under the Karnataka Co­operative Societies Act, 1959. The assessment was completed u/s. 143(1) r.w.s. 147 of the Act, vide order dated 16.12.2019, wherein the claim of deduction u/s. 80P(2)(a)(i) of the Act was denied for the reason that assessee was primarily dealing with non-member...