Wednesday, November 20, 2019

District level society also eligible for Sec. 80P relief if primary co-operative societies can’t operate without it

INCOME TAX : Where activity of assessee-society of supplying milk to Mother Diary was interlinked with activities of its members primary co-operative societies and at same time primary co-operative societies could also not operate without assessee being a District level society, assessee's claim for deduction under section 80P(2)(b) was to be allowed

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000190736/district-level-society-also-eligible-for-sec-80p-relief-if-primary-co-operative-societies-can’t-operate-without-it.aspx

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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