Tribunal held that ;primary Agricultural Credit Society registered as such under kerala co-operative societies act, 1969  is  not a banking company. Accordingly entitled to deduction .The Assessing Officer was not competent and did not possess the jurisdiction to resolve or decide the issue whether the assessee was a primary agricultural credit society or a co-operative bank within the meaning assigned to it under the provisions of the Banking Regulation Act and to take a contrary view especially in view of the Explanation provided after clause (ccvi) of section 5 read with section 56 of the Banking Regulation Act .(AY.2007-08 to 2009-10, 2011-12 to 2013-14 )