KERALA STATE CO-OPERATIVE AGRICULTURAL AND RURAL DEVELOPMENT BANK LTD KSCARDB vs THE ASSESSING OFFICER, TRIVANDRUM AND ORS

Whether the appellant, a co-operative society providing credit facilities to its member co-operative societies, is a 'co-operative bank' within the meaning of Section 80P(4) of the Income Tax Act, 1961, and thus excluded from claiming deduction under Section 80P(2)(a)(i) --- Held No. Whether the ratio and tests laid down in Mavilayi Service Co-operative Bank Limited vs. Commissioner of Income Tax, Calicut apply to the appellant's case --- Held Yes.