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2017 (11) TMI 997 - AT - Income TaxGrant of deduction u/s 80P(2) to the assessee-society - Held that:- In the instant case, admittedly, the assessee has produced a certificate showing that it is registered as a Primary Agricultural Credit Society under the provisions of the Kerala Co-operative Societies Act, 1969. Since the Hon’ble Kerala High Court in case of M/s Chirakkal Service Co-operative Bank & Ors [2016 (4) TMI 826 - KERALA HIGH COURT] has categorically held that a Primary Agricultural Credit Society registered under the Kerala Cooperative Societies Act, 1969 is entitled to the benefit of deduction u/s. 80P(2) of the Act, we are of the view that the CIT(A) is justified in directing the Assessing Officer to grant the benefit of deduction u/s. 80P(2) of the Act.
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