INCOME TAX OFFICER, WARD-1, BHILWARA, SHASTRI NAGAR, BHILWARA vs. BHILWARA ZILA DUGDH UTPADAK SAHKARI SANG LIMITED, AJMER ROAD, BHILWARA
In the result, the appeal of the Revenue is partly allowed
ITA 134/JODH/2023[2018-19]Status: DisposedITAT Jodhpur16 Oct 2023AY 2018-19
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
For Appellant: Smt. Raksha Birla, C.A. and Sh. Rajendra Jain, AdvFor Respondent: Ms. Nidhi Nair, JCIT-DR
Section 22Section 80PSection 80P(2)Section 80P(2)(d)
disallowing exemption claimed u/s 80P(2)(d) of the Act.
8. In the latest judgment the Hon’ble Apex Court in the case of “Kerala
State Co-Operative Agricultural & Rural Development Bank Ltd. v.
Assessing Officer”, [2023] 154 taxmann.com 305 (SC) has observed as under:
“15.13. Further, under the provisions of the State Act, 1984, 'agricultural and rural development bank
