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3. The Act permits deduction under section 80P to a primary co operative society which has its primary objective to provide financial accommodation to its members for agricultural purposes or for purposes connected with agricultural activities. The appellant's primary objective is to provide financial accommodation to its members for agricultural purposes and is eligible for deduction under section 80P.

4. The amendment to section 80P do not restrict non agricultural service to its members but requires stipulation as the primary objective of the society should be for rendering financial accommodation for agricultural purposes.