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2018 (6) TMI 613 - AT - Income TaxEligibility of deduction u/s 80P(2) - assessee is a primary agricultural credit society registered under the Kerala Co-operative Societies Act - Held that:- Hon’ble jurisdictional High Court in the case of Chirakkal Service Co-operative Bank Limited & Ors [2016 (4) TMI 826 - KERALA HIGH COURT] 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) - hence we hold that the CIT(A)’s are justified in directing the A.O. to grant deduction u/s 80P(2)(a)(i) - Decided in favor of assessee.
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