VADAKKEVILA SERVICE CO-OPERATIVE BANK LTD,KOLLAM vs. THE ITO, KOLLAM

Appeal is allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

56 of the Banking Regulation Act, 1949. We thus accept the assessee’s above extracted third substantive grounds in very terms. 6. Learned CIT-DR next submits that the assessee had not derived its interest income from loans and advances in 16 ITA No.478/Coch/2023. Vadakkevila SCB Ltd. agricultural sector so as to be eligible for sec.80P deduction herein. Learned