Society accepting deposits from non-members is a Primary Co-op. bank and not entitled to sec. 80P de

IT : Where assessee-society having paid up share capital and reserves in excess of Rs. one crore, accepted deposits from non-members also and, moreover, bye-laws of society did not permit admission of other co-operative society as a member, assessee was to be regarded as a primary co-operative bank in terms of section 80P(4) and, thus, its claim for deduction under section 80P(2)(a)(i) was to be rejected