2017 (12) TMI 1596

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....PANDALAI, SRI.CHRISTOPHER ABRAHAM ORDER Petitioner is a Primary Agricultural Credit Society registered under the Kerala Co-operative Societies Act. The petitioner is an assessee under the Income Tax Act (the Act) on the rolls of the first respondent. The assessment of the petitioner for the year 2013-2014 has been completed by the first respondent under Section 143 of the Act, in terms of Ext.P2....

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....r for deduction made under Section 80P(2)(a)(i) of the Act, apart from treating a portion of the interest income earned by the petitioner from their surplus fund deposited by the District Co-operative Banks, Treasuries etc. as income from other sources. According to the petitioner, in the light of decision of this Court in Chirakkal Service Co-operative Bank Ltd v. Commissioner of Income Tax [2016....