Assessee won't be a co-operative bank if it isn't aiming to accept deposits for lending; ITAT allows

IT : Where assessee, a co-operative society, claimed deduction under section 80P(2)(a)(i) and Assessing Officer denied deduction taking view that assessee was a primary co-operative bank and, therefore, provisions of section 80P(4) were applicable, since none of aims and objects of assessee allowed it to accept deposits of money from public for purpose of lending or investment, it could not be regarded to be a primary co-operative bank and was entitled for deduction under section 80P(2)(a)(i)