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Deepalaxmi Nagari Patsanstha ... vs Ito Ward 2, Ahmednagar on 19 December, 2025 cites

M/S The Totgars Co-Operative Sale ... vs The Income Tax Officer on 30 September, 2008

(2) Notwithstanding anything contained in sub-section (1), a society may make a loan to a depositor on the security of his deposit. (3) Granting of loans to members or to non-members under sub-section (2) and recovery thereof shall be in the manner as may be specified by the Registrar." Thus, the giving of loans by a primary agricultural credit society to non-members is not illegal, unlike the facts in Citizen Cooperative Society Ltd. (supra).
Karnataka High Court Cites 0 - Cited by 496 - Full Document

The Mavilayi Service Cooperative Bank ... vs Commissioner Of Income Tax Calicut on 12 January, 2021

12. We find the Hon'ble Supreme Court in the case of Mavilayi Service Co- operative Bank Ltd. Vs. CIT reported in (2021) 431 ITR 1 (SC) has held that where the assessee was registered as primary agricultural credit society, it was entitled to benefit of deduction under section 80P(2)(a)(i) notwithstanding that it 7 ITA Nos.2322 & 2323/PUN/2024 was also giving loans to its members which were not related to agriculture. The relevant observations of Hon'ble Supreme Court read as under:
Supreme Court - Daily Orders Cites 74 - Cited by 243 - R F Nariman - Full Document

Pr. Commissioner Of Income Tax vs The Kangra Central Co-Op Bank Ltd on 7 December, 2022

Cases wherein deduction u/s 80P(2)(i) allowed a. Mavilayi Service Co-operative Bank Ltd Vs. CIT [2021] 123 taxmann.com 161 (SC) 5 ITA Nos.2322 & 2323/PUN/2024 b. Tumkur Merchants Souharda Credit Co-op. Ltd. Vs. ITO - 55 taxrnann.com 447 (Karnataka) c. CIT Vs. Kangra Central Co-op Bank Ltd. - 28 taxmann.com 101 (HP) d. Kakasaheb Thorat Gramin Bigarsheti Sah.
Himachal Pradesh High Court Cites 28 - Cited by 1 - Full Document
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