Registered Agricultural society entitled to deduction U/s. 80P(2)

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

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