The petitioner is a Co-operative Society registered under the Kerala Co-operative Societies Act and classified as a Primary Agricultural Credit Society. It has filed a return of income for the Assessment year 2016-2017 claiming deduction under Section 80P of the Income Tax Act and declaring nil income. Pursuant to a scrutiny notice under Section 143(2) of the Income Tax Act, the Assessing Officer disallowed the deduction under Section 80(P) (2) (a) (i) and further made additions to the income declared by the petitioner under Section 68 of the Income Tax Act.