that
the primary business of the assessee society is to provide financial
accommodation to its members for agricultural purposes whereas the
main reason for disallowance ... 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
cooperative society, "the primary
object of which is to provide financial accommodation to its members and
includes a cooperative land mortgage bank." This
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
objects as per by laws of the societies are to give financial
accommodation to members only by accepting deposits only from members
admitted from
person who
looked after day to day financial affairs and accommodation entry
business of Banka Group. It was found that M/s. Kotiratan
Commosales ... person/controlling person who look after day to day financial
affairs and accommodation eritry business of Banka Group.
During the course of post search verification
operative
society, the primary object of which is to provide financial
accommodation to its members for agricultural purposes or for
purposes connected with agricultural activities
operative society, the primary object of which is to
provide financial accommodation to its members for agricultural purposes or for
purposes connected with agricultural activities
outstanding payables. This indicates a uniform
commercial policy rather than any financial accommodation extended
to AEs. Moreover, the charge of notional interest can only arise
operative society, the primary
object of which is to provide financial accommodation to its members for
agricultural purposes or for purposes connected with agricultural activities
operative
society, the primary object of which is to provide financial accommodation to its
members for agricultural purposes or for purposes connected with agricultural
activities
