Primary Agricultural Credit Society can claim deduction u/s 80P

The Chirakkal Service Co-Operative Bank Ltd Vs CIT (Kerala High Court)  Brief of the case: The Hon’ble Kerala High court in the above cited case held that deduction u/s 80P is allowable to a  primary agricultural credit society. In the instant case , assessee being a registered society classified in bye-laws as primary agricultural credit society is entitled to claim exemption u/s 80P. Facts of the case: The AO disputed the exemption u/s 80P claimed by primary agricultural credit societies registered and classified as such under the provisions of the Kerala Co-operative Societies Act...