Case Law Details
ITO Vs Mundela Service Cooperative Bank Ltd. (ITAT Cochin)
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. (supra) 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).
FULL TEXT OF THE ITAT JUDGMENT
These appeals at the instance of the Revenue are directed against common order of the CIT(A) dated 20.07.2018. The relevant assessment years are 2008-2009 and 2013-20 14.
2. The only issue raised in these appeals is whether the assessee is entitled to deduction u/s. 80P(2)(a)(i) of the I .T.Act?
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