Matter remitted as lower authorities failed to examine evidences with regard to deduction u/s. 80P(2)(a)(i)

Saraswathi Credit Souharda Sahakari Sangha Ltd Vs ITO (ITAT Bangalore)

ITAT Bangalore remitted the matter back to AO since lower authorities failed to examine the submissions and documentary evidence with regard to deduction u/s. 80P(2)(a)(i) of the Income Tax Act that credit facilities are extended to its members including associate and nominal members.

Facts- The assessee is a souharda cooperative society duly registered under the Karnataka Souharda Sahakari Act, 1997 and is engaged mainly in the business of accepting deposits from members and lending cred

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