No Sec 80P Deduction to Co-operative Society Operating in more than One Taluk

ITO Vs Ernakulam Cooperative Agricultural & Rural Development Bank Limited (ITAT Cochin)

Section 80P(2)(a)(i) was denied for two reasons by the Assessing Officer. The CIT(A) while allowing the claim of the assessee had not adjudicated the issue whether the assessee can be granted deduction u/s 80P, when the assessee’s area of operation is confined to more than one taluk. Provisions of section 80P is very clear and benefit of the section can be granted only to those co-operative societies, whose activities are confined only to one taluk. In the ins

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