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2018 (9) TMI 1555 - AT - Income TaxEntitled to deduction u/s. 80P(2)(a)(i)- denial of claim as the assessee was primarily engaged in the business of banking - assessee is a primary agricultural credit society registered under the Kerala Cooperative Societies Act, 1969 - Held that:- Admittedly, the assessee is primary agricultural credit society registered under the Kerala Cooperative Societies Act, 1969. The Hon'ble High Court of Kerala in the case of Chirakkal Service Co-op Bank Ltd. [2016 (4) TMI 826 - KERALA HIGH COURT] had 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). - Decided in favour of assessee
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