ITAT Cochin Judgments — September 2018

The Tribunal held that the assessee, being a primary agricultural credit society, is entitled to deduction under Section 80P(2)(a)(i). This decision followed the jurisdictional High Court's ruling in the Chirakkal Service Co-operative Society case.

The Tribunal dismissed the Revenue's appeal as not maintainable due to the low tax effect, citing CBDT Circular No. 3/2018. The assessee's cross-objection was dismissed as infructuous.

The Tribunal held that the assessee, being a primary agricultural credit society, is entitled to deduction under Section 80P(2)(a)(i). This decision followed the jurisdictional High Court's ruling in the Chirakkal Service Co-operative Society case.

The Tribunal held that the assessee, being a primary agricultural credit society, is entitled to deduction under Section 80P(2)(a)(i). This decision followed the jurisdictional High Court's ruling in the Chirakkal Service Co-operative Society case.