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2018 (7) TMI 828 - AT - Income TaxDenying the claim of deduction u/s 80P(2)(a)(i) - assessee was doing the business of banking, - Held that:- The assessee is entitled to deduction u/s 80P(2) of the I.T.Act - see The Chirakkal Service Co-operative Bank Ltd. and Others [2016 (4) TMI 826 - KERALA HIGH COURT] held that the assessee was entitled to the benefit of deduction u/s 80P(2) as held that the primary agricultural credit societies, registered as such under the KCS Act; and classified so, under that Act, including the appellants are entitled to such exemption. - Decided in favour of assessee.
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