primary object or principal business of which is to provide
financial accommodation to its members for agricultural purposes
or for purposes connected with agricultural activities ... principal business
of a Primary Agricultural Credit Society is to provide financial
accommodation to its members for agricultural purposes or for
purposes connected with agricultural
shall,
-
(a) if it is satisfied that such institution has
adequate financial resources, accommodation,
library, qualified staff, laboratory and that it
fulfils such other conditions ... standards for secondary
teacher education programme such as instructional facilities, library,
accommodation, financial resources, laboratory and duly qualified
teaching staff
available shows that the
assessee is not only doing providing of financial
accommodation to the members for agricultural
purposes or for purposes connected with agricultural ... held that Primary Agricultural Credit Society
is permitted to provide financial accommodation only
to its members and that too for agricultural purposes
and purposes connected
available shows that the
assessee is not only doing providing of financial
accommodation to the members for agricultural purposes or for
purposes connected with agricultural ... Meloor SCB Ltd.
Credit Society is permitted to provide financial accommodation
only to its members and that too for agricultural purposes and
purposes connected with
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
Pandurang Ganpati Chaugule vs Vishwasrao Patil Murgud Sahakari Bank ... on 5 May, 2020
Equivalent citations
Jai Bharath College Of Management And ... vs The State Of Kerala on 8 September, 2020
Distance Learning System)) programme such as
instructional facilities, infrastructural facilities,
library, accommodation, financial resources,
laboratory etc. for running the programme and has
selected/appointed duly ... Distance
Learning System) programme such as instructional facilities,
infrastructural facilities, library, accommodation, financial
resources, laboratory etc. for running the programme and has
selected/appointed duly
secured
advances,
(c) the maximum amount of advances or other financial
accommodation which, having regard to the paid-up
capital, reserves and deposits ... interest and other terms and conditions on
which advances or other financial accommodation may be
made or guarantees may be given.
(3) Every banking company
Development Bank shall not grant any loan or advance or
other financial accommodation on the security of its own bonds or
debentures.
13. Shorn ... that granting of loans and advances, financing of or
refinancing of State Financial Corporations is one of the primary objects
of the assessee, as mandated
