Section 80P(4) deduction allowable to Co-Op Society involved in Banking Business

Cuttack Central Co-operative Bank Ltd Vs ACIT (Orissa High Court) ITAT held that Appellant-Assessee would be entitled to the benefit of the deduction under Section 80P(4) of the Act since it is a Cooperative Society involved in the business of banking. FULL TEXT OF THE JUDGMENT/ORDER OF ORISSA HIGH COURT 1. While admitting the present appeal that arises from an order dated 14th September, 2012 passed by the Income Tax Appellate Tribunal, Cuttack Bench, Cuttack (ITAT) in ITA No. 182/CTK/2012 for the Assessment Year 2009-10, on 5th March, 2013, the following questions were framed for considerati...