Co-operative Agricultural and Rural Development Bank Denied Section 80P(2) Deduction Due to Expanded Operational Area.

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....Deduction u/s. 80(P) - Co-operative Agricultural and Rural Development Bank - Since the assessee’s area of operation was not confined to a Taluk for the relevant assessment year, we hold that it was not entitled to the benefit of deduction u/s. 80P(2) of the Act.....