If the Co-operative society fails to satisfy the conditions contained in sub-section (2) of section 115BAD in computing its income in any previous year, the option shall become invalid in respect of:
A. the assessment year relevant to that previous year.
B. the assessment year relevant to that previous year and subsequent assessment years.
C. the subsequent assessment years
D. None of the above
Answer:B
If the Co-operative society fails to satisfy the conditions contained in sub-section (2) of section 115BAD in computing its income in any previous year, the option shall become invalid in respect of:
A. the assessment year relevant to that previous year. B. the assessment year relevant to that previous year and subsequent assessment years. C. the subsequent assessment years D. None of the above