Kerala State Co-op Agricultural & Vs The Assistant Commissioner of
Rural Development Bank Ltd., Income-tax, Circle-1(2), Trivandrum.
Trivandrum
( अपीलाथ /Assessee - Appellant ... Kerala State Co-op Agricultural
tax, Circle-1(2), Trivandrum. & Rural Development Bank Ltd.,
Trivandrum
( अपीलाथ /Revenue - Appellant) (ूतयथ
् /Assessee -Respondent)
PAN No. AAAAK
Agri. & Rural Dev. Bank Ltd.
4. The appellant Society is evidently a primary Co-
operative, Agricultural & Rural Development Bank as
defined ... Agri. & Rural Dev. Bank Ltd.
6.3 The Finance Act, 2006 has defined the expression "Primary Co-
operative Agricultural and Rural Development Bank
primary agricultural credit society or a primary
co-operative agricultural and rural development
bank
Explanation. - For the purposes of this sub-
section ... primary co-operative agricultural an rural
development bank" means a society having its
area of operation confined to a taluk and the
principal object
interest paid to The Kerala State
Co-operative Agricultural and Rural Development Bank Ltd. u/s. 40(a)(ia) of
the Act for the reason ... provide financial assistance to its
members for agricultural purposes or for rural development activities and
therefore eligible for deduction
primary agricultural credit society or a primary
cooperative agricultural and rural development bank. Thus,
the deduction u/s 80P(2)(a)(i) would ... COCH./2024
and rural development activities of its members. Further, it
does not possess any license from the Reserve Bank of India
to carry
primary agricultural credit society or a primary
cooperative agricultural and rural development bank. Thus,
the deduction u/s 80P(2)(a)(i) would ... COCH./2024
and rural development activities of its members. Further, it
does not possess any license from the Reserve Bank of India
to carry
providing financial assistance
to the Rural Agricultural population in the small rural
villages and taluks to boost up the rural economy
which is the very ... limited to
rural villages or taluks and principal object of which
is to provide for long term credit for agricultural
and rural development activities
Section 80P. Appellant being a Primary Co-operative Agricultural &
Rural Development Bank as defined in Explanation (b) under sub
Section (4) of Section ... primary agricultural credit society
or a primary co-operative agricultural and rural development
bank and depending upon transaction, Assessing officer has
to extend benefits available
Ernakulam Co-
Ward 1, TPS Vs. operative Agricultural &
Aluva. Rural Development Bank
Limited, No.
E-87, Bye Pass Junction,
Aluva - 683 101.
PAN : AAAAE1659C ... Ernakulam Co-
Ward 1, TPS Vs. operative Agricultural &
Aluva. Rural Development Bank
Limited, No.
E-87, Bye Pass Junction,
Aluva - 683 101.
(Cross Objector
Ward 1 & Tps , Thodupuzha vs M/S High Range Rural Development ... on 22 May, 2025
IN THE INCOME TAX APPELLATE TRIBUNAL
COCHIN BENCH, COCHIN ... selected for scrutiny.
2
ITA No.379/Coch/2023.
High Range Rural Development Society.
During the course of assessment proceedings, the AO observed
that
