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2019 (3) TMI 284 - ITAT COCHINDeduction u/s. 80P(2)(a)(i) - denying the claim was that the assessee were primarily engaged in the business of banking - provisions of section 80P(4) which was inserted with effect from 01.04.2007, the assessee were not entitled to deduction u/s. 80P - HELD THAT:- Admittedly, the assessee is primary agricultural credit society registered under the Kerala Cooperative Societies Act, 1969. 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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