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2018 (6) TMI 753 - AT - Income TaxDeduction u/s 80P - denying the benefit of deduction was that the assessee were doing the business of banking - Held that:- As relying upon the judgement in case of ITO v. The Chengala Service Co-operative Bank Limited [2018 (4) TMI 339 - ITAT COCHIN] Tribunal held that the assessee is entitled to deduction u/s 80P(2) wherein it is held that when a primary agricultural credit Society is registered as such under the Kerala Co-operative Societies Act, 1969, such society is entitled to the benefit of deduction u/s 80P(2) of the Act - thus decided in favor of assessee.
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