appellant bank is a Regional Rural bank
which is established under the Regional Rural Bank Act, 1976 . The
Regional Rural Banks are covered under ... area in
relation to the Regional Rural Bank.
As per explanation (b), it is clear that rural development bank means
whose major activity relates
primary agricultural credit society or a
primary co-operative agricultural and rural development bank".
Explanation -- for the purpose of this sub--section ... I949){_ A '
(b) "Primary Co ---operative Agricultural and Rural Development Bank"
means a society having its area of operation confined
Asse ssment Year : 20 09- 201 0
facilities for agricultural and rural development. It was submitted
that fin view of the above the assessee-society ... comes under the
definition of 'Primary Cooperative Agricultural and Rural
Development Bank' as defined under the Explanation to section
80P(4) and therefore
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 and rural development bank"
means a society having its area of operation confined to a taluka and
the principal object
decision
in the case of Tamilnadu Co-operative State Agriculture and Rural
Development Bank Limited in ITA Nos.31 to 33/CHNY/2021, the
decision ... Tribunal in the case of Tamilnadu Co-operative State Agriculture and
Rural Development Bank Limited, supra held as under:-
21. We have heard the rival
Primary
Agricultural Credit Society or a Primary Co-operative
Agricultural and Rural Development Bank, though it is
available to Co-operative Societies engaged ... decision in the case of Tamilnadu
Co-operative State Agriculture and Rural
Development Bank Limited in ITA Nos.31 to
33/CHNY/2021, the decision
Chennai in the case of Tamil Nadu State Cooperative
Agriculture and Rural Development Bank Ltd., vide ITA
No.31 to 33/Chny/2021, order dated ... order
in the case of Tamil Nadu State Cooperative Agriculture
and Rural Development Bank Ltd. (supra), the coordinate
Bench of the ITAT Chennai, after considering
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 and rural development bank"
means a society having its area of operation confined to a taluka and
the principal object
primary agricultural credit society or a primary co-
operative agricultural and rural development bank.
5 ITA No.405/PNJ/2013
(Asst. Year: 2009-10)
Explanation ... primary co-operative agricultural and rural development bank"
means a society having its area of operation confined to a taluka and
the principal object
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 and rural development bank"
means a society having its area of operation confined to a taluka and
the principal object
