Friday, 4 December 2015

SLP granted to decide whether co-operative society, claiming sec. 80P relief, could be treated as co

IT : SLP granted against High Court's order where it was held that assessee-co-operative society could not be regarded as 'Co-operative Bank' on, mere fact that an insignificant proportion of revenue was coming from non-members, and thus, was entitled for deduction under section 80P(2)(a)(i)

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